RBC Capital lowered the firm’s price target on TotalEnergies to $60 from $65 and keeps a Sector Perform rating on the shares. TotalEnergies has benefited materially from its systematic hedging strategy as well as its differentiated exposures, but these tailwinds could turn to headwinds in 2H23, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- TotalEnergies price target lowered to EUR 65 from EUR 69 at JPMorgan
- TotalEnergies price target lowered to EUR 63 from EUR 67 at Berenberg
- NextDecade makes positive final investment decision on Rio Grande LNG Phase 1
- ConocoPhillips upgraded to Outperform at Wolfe after Surmont acquisition
- Saudi Aramco and TotalEnergies (NYSE:TTE) Gain Ground on the Amiral Project