BP Upgraded to ‘Overweight’, Price Target Raised to $49.40

BP p.l.c. (NYSE:BP) is included among the 15 Large Cap Stocks with Highest Dividends.

BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.

BP p.l.c. (NYSE:BP) received a boost on March 24 when Morgan Stanley analyst Martijn Rats upgraded the stock from ‘Equal Weight’ to ‘Overweight’, while also raising its price target from $36.20 to $49.40. The bumped target indicates an upside potential of 7% from the current share price.

BP p.l.c. (NYSE:BP) reported an upstream production of 2,312 mboe/d in FY 2025. The company expects its FY 2026 upstream production to be slightly lower than this. However, the firm is targeting to make continued progress in growing its cash flows, supported by its structural cost reduction program. BP expects to cut its structural costs by $5.5-6.5 billion by end of 2027.

BP p.l.c. (NYSE:BP) has surged by almost 29% since the beginning of 2026. The British energy giant was also recently included in our list of the 12 Best Large Cap Energy Stocks to Buy Now.

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