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TotalEnergies: UBS maintains Buy rating

( - UBS confirms its Buy rating on the TotalEnergies stock, with a target price of E65 after its announcement of an agreement with Couche-Tard in Europe.

It said that TotalEnergies has announced that it has signed agreements with Couche-Tard, a Canadian convenience store operator, for the sale of interests in its fuel distribution networks in Germany and the Benelux countries for 3.1 billion euros.

In Germany and the Netherlands, TotalEnergies will sell all of its service station networks to Couche-Tard, i.e. 1198 stations in Germany and 392 in the Netherlands. It will focus on the development of new forms of mobility (electric and hydrogen) in these countries.

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