Total: BarCap maintains 'overweight' rating

(CercleFinance.com) - Barclays Capital (BarCap) reiterates its "overweight" rating on the Total stock, along with its target price of 66 euros, despite the oil group making minor adjustments to estimates the day after it published its margin indicator.


The broker has therefore cut its Q3 earnings estimates by 3% to 4 billion dollars, mainly due to an adjustment in its financial results.

"This still leaves a net profit up 50% year-on-year, reflecting higher prices and higher output," says BarCap, adding that "these positive factors should lead to higher FCF in the next three years".



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