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Morgan Stanley cuts rating on BP
By Abigail Townsend
Date: Monday 12 May 2025
(Sharecast News) - Morgan Stanley has downgraded BP and reiterated its 'overweight' rating for rival Shell, in a note assessing European the energy sector.
The Wall Street bank argued that the sector's fortunes "remain closely tied to oil markets, which we expect to enter a meaningful surplus after the summer.
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