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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 12:25 EDT
Morgan Stanley analyst Martijn Rats lowered the firm's price target on BP to 520 GBp from 540 GBp and keeps an Overweight rating on the shares. In a European Oil & Gas sector note, Rats noted that energy commodities are approaching the lows of 2016, and remain under pressure due to the outbreak of the coronavirus. Rats sees potential for a bounce, but not for a period of sustained outperformance.