Eni price target raised to EUR 16.50 from EUR 15.50 at BofA

BofA raised the firm’s price target on Eni (E) to EUR 16.50 from EUR 15.50 and keeps a Neutral rating on the shares. Lower oil and gas prices and deflating refining margins will “leave the sector grappling for more FCF cushions than it is already sitting on” and the firm sees “fewer inorganic cushions available that are not already discounted in elevated share prices,” the analyst tells investors in a European oil and gas look ahead note for 2026.