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BUZZ-BP: another day, another broker cut

Reuters - UK Focus

** BP tops FTSE 100 fallers' list on Exane BNP Paribas (Xetra: 887771 - news) and Deutsche Bank (Other OTC: DBAGF - news) cuts

** In its 4Q15 results preview report, Deutsche Bank cuts price target to 445p from 450p, expects another dull quarter for oil cos due to weak crude prices

** Also cuts PT of BG to 1290p from 1355p; Shell (LSE: RDSB.L - news) to 2035p from 2200p

** Oil majors down: BP down 1 pct, Shell falls 0.7 pct, Total (Swiss: FP.SW - news) down 1.3 pct

** On BP, Exane BNP Paribas cuts target price by 3 pct to 330p; Also cuts Shell PT by 14 pct to 1700p even though it believes that the Shell represents the only attractive risk-reward in the sector

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** Last week, Credit Suisse (LSE: 0QP5.L - news) and Goldman Sachs (NYSE: GS-PB - news) cut PTs (Other OTC: PTSH - news) on major European energy cos

** Stoxx 600 Oil & Gas Index down 0.4 pct (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)