Energy Sector Sees Bullish Analyst Upgrades Amid Rising Commodity Prices

Investing.com -- HSBC on Friday upgraded BP and TotalEnergies to Buy from Hold, raising earnings and cash flow estimates across its global oil coverage after lifting its Brent crude, refining margin, and gas price forecasts.

Analysts led by Kim Fustier raised their 2026 Brent assumption to approximately $90 per barrel from $80, and their 2027 forecast to $85 from $65, citing a partial, gradual recovery in Strait of Hormuz flows. The bank also raised its second-half 2026 TTF gas price forecast t

Investing.com -- UBS upgraded Glencore to "buy" from "neutral", citing a more attractive risk-reward profile after the stock’s recent decline on macro concerns, weaker coal prices and governance issues linked to its dispute with Radiant World.

The broker raised its 12-month price target to 650 pence from 620 pence. Glencore shares closed at 549 pence on Thursday.

UBS said stronger performance in Glencore’s Marketing division, rising commodity prices, better visibility on copper growth, progres