Eni price target raised to $58.80 from $39.50 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Eni (E) to $58.80 from $39.50 and keeps an Equal Weight rating on the shares. The firm sees the path to a return to pre-conflict oil prices “narrowing” and raised its 2027 Brent price estimate to $80 per barrel. Incorporating this and other recent commodity estimates, as well as disruption effects, the firm raised its 2026 EPS estimates for the European Energy Majors by about 100% and 2027 estimates by roughly 50%, while upgrading its sector view to Attractive.