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Berenberg slightly lowers target price on BP

By Iain Gilbert

Date: Wednesday 15 Jul 2026

(Sharecast News) - Analysts at Berenberg cut their target price on BP to 590p from 600p on Wednesday, saying the energy giant's latest trading update pointed to weaker upstream performance and higher exploration write‑offs, despite another exceptional quarter from the downstream business.
BP's Q2 statement, published on 14 July, indicated an...

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