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BP rating trimmed at RBC on short-term valuation

Apr. 16, 2019 12:44 PM ETBP p.l.c. (BP) StockBPBy: Carl Surran, SA News Editor17 Comments
  • BP (BP -0.5%) slips a bit after RBC Capital downgrades shares to Outperform from Top Pick, with analyst Biraj Borkhataria citing valuation.
  • "We remain constructive on BP for its medium term growth profile and improving cash flow framework, [but] shares have performed well vs. the sector in recent months, and we see less valuation upside now," Borkhataria writes.

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