UBS upgraded Eni (E) to Buy from Neutral with a price target of EUR 18, up from EUR 15.50. Eni, which has one of the most attractive growth profiles in the sector, along with a restructuring of chemicals, should drive a sharp recovery over returns over the period through 2028, the analyst tells investors in a research note. UBS says Eni has a sector-leading upstream division and its capex quality screens as best in class.
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