Morgan Stanley lowered the firm’s price target on BP (BP) to $31.80 from $34.70 and keeps an Equal Weight rating on the shares. The energy sector underperformed sharply in the second half of 2025 and looking ahead, there are headwinds, but much is now priced into the stocks, the analyst tells investors in a research note. The firm raised its sector view from Cautious to In-Line. It expects BP, TotalEnergies, Eni and Equinor all to have lower shareholder distributions in 2025 than in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- Tesla reports below-consensus deliveries: Morning Buzz
- BP p.l.c. Updates Total Voting Rights and Share Capital
- BP Executes Share Buyback Program to Enhance Shareholder Value
- Kosmos announces first gas production at Greater Tortue Ahmeyim LNG project
- U.S. to release hydrogen production tax credit guidance this week, Reuters says