Wolfe Research analyst Doug Leggate raised the firm’s price target on TotalEnergies (TTE) to $82 from $81 and keeps an Outperform rating on the shares as part of a 2025 outlook for the exploration and production refiners. The recent underperformance of the oils goes some way to “discounting” known commodity risk, the analyst tells investors in a research note. Wolfe’s bias continues to favor U.S. gas, but the firm is “incrementally positive” on oil exploration and production names.
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Read More on TTE:
- Trump Trade: Federal funding plan endorsed by Trump fails
- Trump tells EU to buy more US oil, gas or face tariffs, FT reports
- TotalEnergies price target lowered to $62 from $77 at Piper Sandler
- TotalEnergies price target lowered to EUR 66 from EUR 72 at JPMorgan
- TotalEnergies upgraded to Outperform from Sector Perform at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
