UBS analyst Henri Patricot downgraded Repsol to Neutral from Buy with a price target of EUR 11.50, down from EUR 17. The firm says lower refining margins, oil prices and U.S. gas prices will drive large earning estimate cuts. The analyst sees risk to expectations to the downside.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REPYY:
- Repsol price target lowered to EUR 13.50 from EUR 15.50 at Berenberg
- Repsol price target lowered to EUR 17 from EUR 18 at JPMorgan
- Repsol downgraded to Equal Weight from Overweight at Morgan Stanley
- Repsol price target lowered to EUR 15.50 from EUR 16 at Berenberg
- Repsol price target lowered to EUR 22 from EUR 25 at Barclays