Totalenergies has received a "Buy" rating from UBS, with a target price of 67 euros. According to analyst Henri Patricot, the company's recent strategic developments have improved the risk/reward ratio for investors.
UBS highlights that Totalenergies' disclosure of information, particularly regarding its liquefied natural gas operations, has reduced uncertainties about the company's future outlook. This positive assessment reflects UBS's confidence in Totalenergies' strategic direction and market positioning, as the energy sector continues to undergo global shifts.
The report was published on October 23, 2024.