UBS downgraded Galp Energia to Sell from Neutral with a price target of 13.50 GBp, down from 14 GBp, after assuming coverage of the name. Galp’s premium valuation is no longer justified due to production risks and its high capex burden, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GLPEY:
