Goldman Sachs upgraded Galp Energia (GLPEY) to Buy from Neutral with an unchanged price target of EUR 22. The firm cites the stock’s relative underperformance in the last three months for the upgrade. Goldman is “encouraged” by Galp’s “attractive” upstream asset base, saying its high quality pipeline of upstream projects will drive 20% production growth by 2026 versus 2024.
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Read More on GLPEY:
- Galp Energia initiated with a Buy at Berenberg
- Galp Energia price target lowered to EUR 15.50 from EUR 16.50 at Morgan Stanley
- Galp Energia upgraded to Outperform from Neutral at Grupo Santander
- Galp Energia price target lowered to EUR 20 from EUR 22 at Barclays
- Galp Energia price target lowered to EUR 19 from EUR 20 at JPMorgan
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