Total: Q2 'above expectations', Oddo remains on 'Buy'
(CercleFinance.com) - With results in the second quarter “slightly above expectations”, analyst Oddo BHF this morning announced a target price of 59 euros for the Total share.
With “an improvement in upstream and increased production guidance in 2018”, Refining and Petrochemicals business “along the right lines” and “strong cash generation and reassuring discipline”, Oddo BHF estimates that “the share should react positively to this good publication”.
It therefore remains on 'buy' for the share.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
With “an improvement in upstream and increased production guidance in 2018”, Refining and Petrochemicals business “along the right lines” and “strong cash generation and reassuring discipline”, Oddo BHF estimates that “the share should react positively to this good publication”.
It therefore remains on 'buy' for the share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.