Total: UBS optimistic ahead of CMD
(CercleFinance.com) - Ahead of Total's 24 September CMD, UBS has confirmed its buy rating on the Total share.
The broker maintains its 12-month target price of 53 euros.
Although the macro backdrop remains "difficult", "we believe it is a good time to be updating the market, with a focus on FCF and returns, shareholder distribution and the increasing incorporation of clean energy/low carbon themes," the broker says in its report.
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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 broker maintains its 12-month target price of 53 euros.
Although the macro backdrop remains "difficult", "we believe it is a good time to be updating the market, with a focus on FCF and returns, shareholder distribution and the increasing incorporation of clean energy/low carbon themes," the broker says in its report.
Copyright (c) 2019 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.