TotalEnergies Shifts Analyst Views, Maintains Dividend Promise
TotalEnergies has seen a shift in analyst opinions, with RBC's Biraj Borkhataria lowering his price target from 75 to 70 euros while still seeing significant upside potential. The company offers an attractive dividend yield and is strategically focusing on reducing investment outlays in the power sector.
Borkhataria reduced his price target but maintained a 'Outperform' rating, indicating a bullish outlook. TotalEnergies is responding to market demands by slightly reducing investments in oil, gas, and other energy projects while keeping dividend payouts high. JPMorgan's Matthew Lofting emphasizes the importance of debt reduction by the end of the year. Despite these changes, TotalEnergies remains strategically well-positioned with a solid balance sheet and good cost structure. Jefferies' Mark Wilson maintains a 'Hold' rating, appreciating the company's secure growth and strict cost control. While Lofting lowered his price target from 61.00 to 58.50 euros, he kept an 'Overweight' rating, preferring Shell within the sector.
TotalEnergies is adjusting its investment strategy to meet market needs and expectations. Analysts remain generally positive, with price targets and ratings reflecting a balanced view of the company's prospects. Investors are advised to maintain their stop-loss at 41.00 euros.
