Scotiabank analyst Paul Cheng raised the firm’s price target on TotalEnergies (TTE) to $67 from $65 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage, the analyst tells investors. While the firm’s latest forecast is above consensus, the revised estimates are “disappointing” compared to what industry margin indicators originally suggested.
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>>
Read More on TTE:
- OPEC+ to increase oil output in November, NYT reports
- TotalEnergies, Veolia sign MOU for energy transition and circular economy
- TotalEnergies enters farm-down agreement with CarbonVault
- TotalEnergies to divest non-operated interest to Vundefinedr Energi
- TotalEnergies divests 50% of 270 MW portfolio in France