UBS has increased its target price for Eni from €15 to €15.50 while keeping a "Buy" rating.
Joshua Stone, an analyst, pointed out the company's strong quarterly results and mentioned that investors are likely to view the increase in share buybacks positively.
Despite some doubts about whether the current share price reflects all potential gains, Stone believes there is still room for growth in Eni's shares.
The updated target price and rating were announced after the original study was published on October 25, 2024.
Investors are advised to consider Eni's performance and strategic decisions when evaluating their market positions.