Redburn analyst John de los Santos downgraded Eni SpA to Neutral from Buy citing the company’s material increase in capex guidance. While Eni’s valuation is undemanding and the company’s growth capex program can pay off in the long term, a repricing of the shares is unlikely in the near term, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on E:
- Eni SpA downgraded to Neutral from Outperform at Exane BNP Paribas
- Eni SpA price target lowered to EUR 17 from EUR 17.50 at Barclays
- Eni SpA price target raised to EUR 16.50 from EUR 15.80 at Morgan Stanley
- Eni SpA downgraded to Neutral from Overweight at JPMorgan
- Eni SpA initiated with an Outperform at Credit Suisse