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The case for buying BP is now being made by a leading Wall Street firm, a stance that complicates the prevailing view of the integrated oil giant as a laggard.
For the last three to five years, BP has trailed its closest rivals, a performance gap that has defined its market position through two major energy crises.
The new recommendation suggests the risk is no longer in the underperformance, but in missing the entry point for a beleaguered company.
The evidence for a turnaround The primary driver for this shift in sentiment is the simple arithmetic of relative value.
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