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Fly News Breaks for April 16, 2019
BP
Apr 16, 2019 | 04:49 EDT
RBC Capital analyst Biraj Borkhataria downgraded BP to Outperform from Top Pick and lowered his price target for the shares to $49.10 from $49.60. The analyst cites valuation for the downgrade following the recent rally in the shares. Borkhataria continues to be positive on the outlook for integrated oil majors but sees modest downside to Q1 estimates.
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