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ENI: Credit Suisse rates 'underperform', but raises TP

( - Credit Suisse reinstates its "underperform" rating on the Eni share, although has raised its corresponding target price from 9.
2 euros to 10 euros, while extending its forecast period for the Italian energy group by one year, to include 2026.

"...which (c) also translates into a slightly higher final year ROACE (of 7.1% using $60/bbl Brent)", the broker points out, which has changed its assumptions for the euro-dollar parity to $1.225 (vs. $1.18 previously).

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