Eni: Berenberg repeats 'buy' rating, shares up
(CercleFinance.com) - Berenberg repeated its "buy" rating on Eni, with a 18.
3 euro price target, after hosting a roadshow with the Italian energy company yesterday in Frankfurt.
In a note to clients, the German broker points out a "positive outlook" for the group, with shares still trading "at a discount."
"The upstream business continues to perform well and downstream restructuring is bearing fruit, with further improvements to come through," Berenberg writes in the report.
Eni shares are currently up 0.5% at 14.5 euros.
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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.
3 euro price target, after hosting a roadshow with the Italian energy company yesterday in Frankfurt.
In a note to clients, the German broker points out a "positive outlook" for the group, with shares still trading "at a discount."
"The upstream business continues to perform well and downstream restructuring is bearing fruit, with further improvements to come through," Berenberg writes in the report.
Eni shares are currently up 0.5% at 14.5 euros.
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.