Morgan Stanley upgrades Galp Energia to 'equalweight' with a price target of EUR12.60

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Morgan Stanley upgrades Galp Energia to 'equalweight' with a price target of EUR12.60

An analyst from Morgan Stanley upgraded Galp Energia (ELI: GALP ) from 'underweight' to 'equalweight' with a price target of EUR12.60 from a prior price target of EUR10.00.

Prior to this rating, Galp Energia had 10 buy ratings, 6 hold ratings, and 3 sell ratings.

For consensus analyst estimates and price targets on Galp Energia, click here. For more news on Galp Energia, click here.

Galp Energia's stock price closed at $12.70. They are up 6.14% in the last month and up 17.54% in the last 12 months.

According to Investing Pro, Galp Energia's fair value is $16.93, an upside of 29.84%. Galp Energia's fair value comes with a low degree of uncertainty, according to InvestingPro.

Check out Galp Energia's recent earnings performance and financials here.

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