Eni price target raised to $33.60 from $31.80 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Eni (E) to $33.60 from $31.80 and keeps an Equal Weight rating on the shares. The firm says the company has the strongest upstream growth outlook in the group, but is back-end loaded in the decade. In addition, Eni has few growth prospects in oil, the analyst tells investors in a research note.