Eni: Stifel still a buyer, adjusts TP

(CercleFinance.com) - Stifel reaffirms its 'buy' recommendation on Eni shares, with a target price adjusted from E17.
1 to E17.3, after the Italian oil and gas group updated its operating and financial forecasts for 2024.

This leads the broker to raise its own estimates for Eni over 2024-27, with EBIT and net income for 2024 increasing by around 14% and 13% respectively, and at rates in the mid-single-digit range over 2025-27.

The share remains attractive thanks to shareholder returns, with a dividend yield standing at 6.5%, Stifel summarises.


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