Eni: Crédit Suisse maintains 'underperform' rating
(CercleFinance.com) - The forecasts of Crédit Suisse for the 3rd quarter fall short of consensus with EBIT of 83 million euros (consensus is 124 million euros) and a net loss estimated to be 422 million euros (-235 million in consensus).
The analyst also reminds that Eni is faced with a legal risk in Nigeria, as part of the OPL 45 affair.
In these conditions, Crédit Suisse maintains its 'underperform' rating for Eni, with a target price of 9.2 euros.
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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.
The analyst also reminds that Eni is faced with a legal risk in Nigeria, as part of the OPL 45 affair.
In these conditions, Crédit Suisse maintains its 'underperform' rating for Eni, with a target price of 9.2 euros.
Copyright (c) 2020 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.