Eni SpA initiated with an Outperform at Credit Suisse

Credit Suisse analyst Amy Wong initiated coverage of Eni SpA with an Outperform rating and EUR 20 price target. The analyst expects the company’s cash generation to result in higher dividends and buybacks. Eni’s upcoming fiscal 2022 results along with a capital markets day on February 23 should be a catalyst for the shares, Wong tells investors in a research note.