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.
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