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BofA gives Saudi Aramco 'neutral' rating, 36 riyal price target

A helmet with logo of Saudi Aramco is pictured at the oil facility in Abqaiq
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LONDON (Reuters) - BofA Global Research started its coverage of Saudi Arabia's state oil giant Saudi Aramco with a 'neutral' rating on Wednesday, setting a price target of 36 riyals ($9.60) per share and saying its fundamentals were now "fully priced"."Aramco is unique. In terms of quality of assets, scale and profitability it dwarfs just about any company globally," BofA said in a note. "Yet, at..
Date Published: Jan 15, 2020
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