Morgan Stanley analyst Martijn Rats initiated coverage of TotalEnergies with an Overweight rating and $82.90 price target. The analyst added the American depository receipts of TotalEnergies, BP, Shell, Eni and Equinor to its coverage of the energy sector in Europe. All fundamental views for the ADRs are fully aligned with those the firm has for the underlying local stocks, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TTE:
- OPEC+ Disagreements Drag Oil Prices Down
- U.S. regulators say Gulf oil spill to impact several producers, Reuters says
- US will unveil global nuclear fusion strategy at COP28, Reuters reports
- OPEC+ to consider more supply cuts, Reuters reports
- Energy Transfer LP enters HOA with TotalEnergies for crude offtake