Jim Cramer Recommends Selling BP To a Caller

BP p.l.c. (NYSE:BP) is one of the stocks Jim Cramer recently discussed. A caller asked if they should add more to their position in the stock or wait. Here’s what Mad Money’s host had to say in response: “I think you should sell it before you hang up with me, okay?”

BP p.l.c. (NYSE:BP) is an energy company that produces, refines, trades, and markets oil and gas. In addition, the company develops low-carbon energy solutions. On December 5, BofA downgraded the company stock to Underperform from Neutral and reduced the price target to 375 GBp from 440 GBp. The firm made a note of lower oil and gas prices and weakening refining margins. BofA noted that lower energy prices and weaker refining margins will reduce free cash flow.

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Disclosure: None. This article is originally published at Insider Monkey.