BNP Paribas Exane analyst Lucas Herrmann upgraded TotalEnergies (TTE) to Outperform from Neutral with a EUR 55 price target The firm cites its more defensive position in the oil sector for the upgrade. TotalEnergies has a better long-term growth outlook than peers and offers an income yield that’s already approaching its high of the past 25 years, the analyst tells investors in a research note. The firm views the recent share selloff as a buying opportunity.
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