Collins Stewart Raises BP (BP) to Hold, Valuation Call
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Price: $40.86 +4.23%
Rating Summary:
22 Buy, 13 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 45
Rating Summary:
22 Buy, 13 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 45
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An analyst at Collins Stewart upgraded shares of BP (NYSE: BP) from Sell to Hold Monday morning.
The firm cites: potential for weak operational results during the second half of this year, "dull" exploration & production volumes, what could be a concerning outlook for cash flow past 2013, and risks related to the Russian market.
BP shares are down about 2.4 percent to around $39.97 in pre-open trade Monday morning.
For more ratings news on BP click here and for the rating history of BP click here.
The firm cites: potential for weak operational results during the second half of this year, "dull" exploration & production volumes, what could be a concerning outlook for cash flow past 2013, and risks related to the Russian market.
BP shares are down about 2.4 percent to around $39.97 in pre-open trade Monday morning.
For more ratings news on BP click here and for the rating history of BP click here.
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