Berenberg Bank Sticks to Their Hold Rating for TotalEnergies SE (TTE)
In a report released today, Henry Tarr from Berenberg Bank maintained a Hold rating on TotalEnergies SE, with a price target of €62.00.
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Tarr covers the Energy sector, focusing on stocks such as BP p.l.c., Shell (UK), and ENI S.p.A.. According to TipRanks, Tarr has an average return of 4.7% and a 56.75% success rate on recommended stocks.
In addition to Berenberg Bank, TotalEnergies SE also received a Hold from Banco Santander’s Alejandro Vigil in a report issued on February 26. However, today, J.P. Morgan upgraded TotalEnergies SE (LSE: TTE) to a Buy.
Based on TotalEnergies SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €46.35 billion and a net profit of €2.93 billion. In comparison, last year the company earned a revenue of €47.12 billion and had a net profit of €3.96 billion
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- TotalEnergies upgraded to Overweight from Neutral at JPMorgan
- OPEC+ expected to resume output hikes, WSJ reports
- TotalEnergies downgraded to Neutral from Outperform at Grupo Santander
- TotalEnergies price target raised to EUR 63 from EUR 58 at JPMorgan
- TotalEnergies Spends €95 Million on Share Buybacks Over Five Days
