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Goldman Sachs has released updated ratings and target prices for key players in the Indian Oil & Gas sector. Here’s a summary of their latest recommendations:
- Reliance Industries Limited (RIL):
- Rating: Maintain Buy
- Target Price: Raised to 2885 from 2660
- Oil and Natural Gas Corporation (ONGC):
- Rating: Double Downgrade to Sell from Neutral
- Target Price: Raised to 175 from 160
- Bharat Petroleum Corporation Limited (BPCL):
- Rating: Double Downgrade to Neutral from Buy
- Target Price: Raised to 500 from 435
- Hindustan Petroleum Corporation Limited (HPCL):
- Rating: Maintain Neutral
- Target Price: Raised to 360 from 245
- Indian Oil Corporation (Indian Oil Corp):
- Rating: Double Downgrade to Sell from Neutral
- Target Price: Raised to 105 from 85
Investors and market watchers will be closely monitoring the impact of these adjustments in ratings and target prices on the respective stocks. The notable upgrades and downgrades reflect Goldman Sachs’ evolving outlook on these companies within the dynamic Oil & Gas sector.
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