JPMorgan upgraded its recommendation for Woodside Petroleum to ‘overweight’ and cut Santos to ‘neutral’ after reviewing its oil price and foreign exchange rate forecasts.
Sarah Thompson, Anthony Macdonald and Gretchen Friemann
JPMorgan upgraded its recommendation for Woodside Petroleum to “overweight" from “neutral" on Friday and cut Santos to “neutral" from “overweight" after reviewing its oil price and foreign exchange rate forecasts.
JPMorgan analyst Benjamin Wilson said in a report that Woodside’s upgrade was based on its exposure to tight liquid natural gas market in short-to-medium term.
