(News Bulletin 247) – Jefferies reaffirms its ‘buy’ recommendation and its target price of 18 euros on Eni, considering that the title ‘remains one of its favorite cards to play a strengthening of the oil macro in the second half’.
‘In the meantime, its dividend yield, the best in the sector (7%), offers useful protection against short-term pressures on oil prices’, adds the broker in charge of the Italian energy company.
After meeting with Global Gas and LNG Portfolio (GGP) Director, Jefferies confirms his view that Eni’s EBIT forecast for GGP ‘appears conservative, although that is partly within the consensus’ .
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