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Berenberg raises target price on BP following Q3 update

By Iain Gilbert

Date: Wednesday 21 Oct 2026

(Sharecast News) - Analysts at Berenberg lifted their target price on BP from 650p to 715p on Wednesday, citing stronger refining earnings, rapid balance‑sheet improvement and the prospect of buybacks returning in 2027 as gearing falls.
Berenberg said BP's Q3 trading update on 13 October pointed to a "strong" quarter, with...

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