Eni's Limited Room to Surprise Investors Could Cap Share-Price Rise -- Market Talk
Dow Jones
Jan 09
1003 GMT - Eni's share price has been boosted by asset sales and buybacks but this means there is now limited room for positive surprises, analysts at UBS write. Since mid-June, Eni shares have outperformed peers by 8% but it will be increasingly hard for the oil major to beat market expectation. This could cap its share-price growth, the analyst write. Investors are unwilling to place high-value on green-energy investments and the absence of future oil price rises means Eni's earnings per share momentum might be stalling. UBS downgrades the stock's rating to neutral from buy. Shares trade down 0.1% to 13.66 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 09, 2025 05:04 ET (10:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.