BP Cut to “Underweight” at Barclays; Litigation Risks Growing?

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BP Cut to “Underweight” at Barclays; Litigation Risks Growing?

BP

Linked by The Dividend Daily ( track newsfeed | ignore newsfeed ) - May 08, 09:04AM from (www.dividend.com)

Embattled oil behemoth BP plc (BP) on Tuesday caught a big downgrade from analysts at Barclays Capital. The firm said it cut its rating on BP from "Equal weight" to "Underweight," noting the chances for a quick resolution with the US Department of Justice regarding its massive oil spill in the Gulf of Mexico are ...

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