Morgan Stanley analyst Guilherme Levy downgraded Repsol (REPYY) to Equal Weight from Overweight with an unchanged price target of EUR 15.80. The firm believes crack spreads will ease from here and sees limited upside to Repsol’s current valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REPYY: