RBC Capital upgraded TotalEnergies (TTE) to Outperform from Sector Perform with an unchanged price target of EUR 80. The shares have underperformed the sector materially recently, due to uncertainty in French politics as well as some company specific issues related to its recent investments, the analyst tells investors in a research note. The firm says gas prices, which the company is geared to, have been “creeping higher.” As such, TotalEnergies offers a compelling growth story over the coming years, contends RBC.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTE:
- Apollo Funds to acquire 50% stake in 2 GW texas solar, BESS portfolio
- TotalEnergies to acquire VSB for EUR 1.57B, sell 50% portfolio in some projects
- TotalEnergies Secures Major LNG Deal with Sinopec
- TotalEnergies upgraded to Outperform from Neutral at Grupo Santander
- TotalEnergies downgraded to Neutral from Outperform at Exane BNP Paribas