BofA gives Saudi Aramco ‘neutral’ rating, 36 riyal price target
January 15, 2020Factbox: Abu Dhabi’s ADNOC attracts billions from foreign investors
January 15, 2020JPMorgan first major brokerage to rate Saudi Aramco ‘overweight’
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JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an “overweight”, setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant’s proposed $75 billion base dividend.
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