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Total: UBS optimistic ahead of CMD

(CercleFinance.com) - Ahead of Total's 24 September CMD, UBS has confirmed its buy rating on the Total share.

The broker maintains its 12-month target price of 53 euros.

Although the macro backdrop remains "difficult", "we believe it is a good time to be updating the market, with a focus on FCF and returns, shareholder distribution and the increasing incorporation of clean energy/low carbon themes," the broker says in its report.

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