BP is downgraded to Sector Perform by RBC, which cites challenges in Russia and modest growth...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP is downgraded to Sector Perform by RBC, which cites challenges in Russia and modest growth prospects. The firm believes that after any remaining relief from the Macondo well blowout, the market will want to see a clearer return of operating momentum and the delivery of cash flows at least in line with its target for 2014 before the next level of confidence is restored.