Exane BNP Paribas analyst Paul Redman downgraded Repsol to Neutral from Outperform with a EUR 11.50 price target The firm says “substantial excess” OPEC+ capacity is “hanging over” the oil and gas sector “like the Sword of Damocles.” With a weaker macro outlook the analyst downgraded the most refining-exposed names.
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Read More on REPYY:
- Repsol price target lowered to EUR 14.20 from EUR 15.20 at Morgan Stanley
- Repsol price target lowered to EUR 14.50 from EUR 17 at Citi
- Repsol price target lowered to EUR 18 from EUR 22 at Barclays
- Repsol downgraded to Neutral from Overweight at JPMorgan
- Repsol price target lowered to EUR 15.80 from EUR 16.60 at Bernstein