BofA upgraded Galp Energia (GLPEY) to Buy from Neutral with a price target of EUR 22, up from EUR 20.50. The firm, which says positive data points are boosting confidence in the “world-class” Namibian discovery, sees a “compelling buying opportunity” as the firm argues that the Mopane deposit in Namibia is “a material value driver” that’s no longer priced into the stock.
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Read More on GLPEY:
- Galp Energia upgraded to Buy from Neutral at Goldman Sachs
- Galp Energia initiated with a Buy at Berenberg
- Galp Energia price target lowered to EUR 15.50 from EUR 16.50 at Morgan Stanley
- Galp Energia upgraded to Outperform from Neutral at Grupo Santander
- Galp Energia price target lowered to EUR 20 from EUR 22 at Barclays