RBC Capital raised the firm’s price target on TotalEnergies to EUR 65 from EUR 60 and keeps a Sector Perform rating on the shares. The company’s Capital Markets Day on September 27th will outline its updated plans for the medium term, and while the focus last year was on the investment case ex-Russia, the focus this time will be on growth and longevity in the upstream, the analyst tells investors in a research note. After strong share price performance in recent months, there is better value elsewhere in the sector, the firm added.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TTE:
- TotalEnergies reinstated with a Neutral at Citi
- TechnipFMC awarded significant installation contract by TotalEnergies
- TotalEnergies price target lowered to $58 from $59 at TD Cowen
- TotalEnergies price target raised to EUR 61.40 from EUR 58.80 at HSBC
- Senator Sanders, others urge DOJ to bring suits against ExxonMobil, Shell