Eni's third-quarter results exceeded profit expectations, leading UBS to maintain its "Buy" rating for the company and set a target price of 15 euros.
Analyst Joshua Stone praised Eni's strong performance in an assessment released on October 25, 2024.
Eni has also raised its share buyback targets, indicating confidence in its financial health.
However, Stone mentioned a decrease in the target for operating profit due to fluctuations in energy prices.
Eni is facing challenges in the energy market but is focused on enhancing shareholder value through strategic financial maneuvers.