TotalEnergies: UBS confirms buy rating

(CercleFinance.com) - UBS confirms its buy recommendation on the TotalEnergies stock with a target price of E65 after the group presented its 2023 climate report.


"TotalEnergies today held its annual Strategy, Sustainability Climate presentation and published its 2023 Sustainability Climate progress report. The event was supportive in our view as the company confirmed its financial targets," UBS says.

TotalEnergies is reinforcing its targets - for example, it now expects to reduce the carbon intensity of the energy mix sold to its customers by -25% by 2030 compared to 2015, including -15% relative to 2025 (compared to -20% and -10% previously).


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