Eni downgraded to Neutral at UBS following outperformance

As previously reported, UBS downgraded Eni (E) to Neutral from Buy with a price target of EUR 14, down from EUR 15.50. Shares have outperformed peers by 8% since the middle of June, notes the analyst, who now sees “less room for positive surprise” and limited upside to consensus expectations and valuation in 2025.

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