Piper Sandler Raises BP Price Target to $44, Maintains Neutral Rating

Group 1: Company Performance - BP p.l.c. reported revenue of $49.2 billion in Q3 2025, reflecting a 2% increase from the same period last year [3] - The company achieved an upstream plant reliability rate of 96.8%, contributing to a 3% quarter-on-quarter increase in underlying production [3] - Operating cash flow for Q3 reached $7.8 billion, leading to an underlying replacement cost profit of $2.2 billion [3] Group 2: Strategic Initiatives - BP is in discussions with investment firm Stonepeak regarding the sale of its Castrol lubricants unit, part of a strategy to meet a $20 billion divestment target [4] - The sale process for the lubricants business began earlier this year as BP aims to shift away from traditional energy sources [4] - The company expects divestment and other proceeds for 2025 to exceed $4 billion [3] Group 3: Investment Outlook - Piper Sandler raised BP's price target to $44 from $41 while maintaining a Neutral rating on the shares [2] - BP is included among the 12 Best European Dividend Stocks to Buy Now, indicating positive sentiment in the investment community [1]