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Galp Energia upgraded to Equal Weight from Underweight at Morgan Stanley

Galp Energia upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Galp Energia (GLPEY) to Equal Weight from Underweight with a price target of EUR 15.20, down from EUR 15.40. The firm sees upside potential for the Mopane farm-down and notes Galp has underperformed the sector by 20% year-to-date.

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