Totalenergies has received a 'Buy' rating from UBS, with a target price of 67 euros. According to analyst Henri Patricot, the recent strategy update from the company has improved the risk/reward profile for investors.
The report highlights that Totalenergies' disclosure of information, particularly regarding its liquefied natural gas operations, has reduced uncertainties about the company's future outlook. This is seen as a positive development for stakeholders navigating the changing energy market.
The original study was published on October 23, 2024, and reflects UBS's confidence in Totalenergies' strategic direction amidst industry dynamics.