TotalEnergies: 'an attractive entry point' according to UBS
(CercleFinance.com) - UBS has reiterated its Buy recommendation on the stock, with a target price of E74, following the announcement of Q2 results.
This TP represents 19% upside potential.
UBS says that it continues to see an attractive entry point after the stock's recent underperformance.
The oil company has maintained its targets, including a refinery utilization rate above 85% in Q3, for net investments still expected between $17bn and $18bn this year.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
This TP represents 19% upside potential.
UBS says that it continues to see an attractive entry point after the stock's recent underperformance.
The oil company has maintained its targets, including a refinery utilization rate above 85% in Q3, for net investments still expected between $17bn and $18bn this year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.