Repsol: UBS downgrades stock

(CercleFinance.com) - UBS downgrades Repsol shares from 'buy' to 'neutral', despite a target price raised from E13 to E13.
5, a new TP that is slightly above its last closing price, the day after the company's annual results.

Most of the company's concerns have been taken into account, and the risks weighing on the main macroeconomic factors are on a downward trend, the broker says in reaction to this publication by the Spanish energy group.


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