UBS recommends 5 European energy stocks as quarterly refining margins surge 83%
UBS UBS Group AG
$47.06 -0.76%
View chart & analysis → - 1UBS rated 5 out of 8 European energy stocks as buy following an 83% surge in quarterly refining margins.
- 2UBS issued a Q4 Brent crude forecast of $100 per barrel and released Q3 net profit estimates averaging 12% above the Q3 consensus.
- 3BP's price target was raised from 675p to 700p.
So what's the key point?
Refining margins increased significantly by 83%. Consequently, UBS recommended buying 5 European energy companies and expects BP's stock price to rise further.
Source Investing.com · View original ↗
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