UBS maintains a "Buy" rating for TotalEnergies, setting a target price of EUR 67.00, citing an improved risk/reward ratio and positive outlook for its liquefied natural gas business. Meanwhile, oil prices dipped due to rising US crude inventories, with geopolitical tensions in the Middle East continuing to impact the market. TotalEnergies is viewed as undervalued, with a solid balance sheet and favorable dividend valuation.
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