BSR [MARKET PERFORM -3.2%] - Looking to recovery in 2021 after severe hit by COVID-19 - Update
  • 29 May 2020
  • Company Research
We maintain our MARKET PERFORM rating while raising our target price by ~5% as we reduce our discount for oil price volatility to 20% from 30% as applied in our March Energy Sector Update. The lower discount outweighs the impact of cutting our earnings fo