BP PLC's stock price surged 5.00% during intraday trading on Wednesday, marking a significant upward movement for the energy company.
The rally appears to be driven by positive analyst sentiment, with Goldman Sachs reiterating a Buy rating on BP stock citing strengthening balance sheet and growth visibility. Additionally, Piper Sandler raised its price target for BP from $43 to $44, providing further support for the stock's upward momentum.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.