Eni: RBC remains positive; targets 16 euros.
(CercleFinance.com) - RBC Capital Markets reiterated its "outperform" recommendation on Italia's ENI, with a target price of 16 euros, remaining positive into the second half of the year.
"We believe investor sentiment remains negative on Eni due to its lack of downstream exposure," the Canadian broker said in a research note.
RBC expects the oil company's FCF generation to improve through to 2018.
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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.
"We believe investor sentiment remains negative on Eni due to its lack of downstream exposure," the Canadian broker said in a research note.
RBC expects the oil company's FCF generation to improve through to 2018.
Copyright (c) 2017 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.