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RBC Capital Sys Eni (e) “due to rent” after a period of outperformance

Eni spa (nyse: e) ranks among the The most efficient European actions to invest. On September 2, RBC Capital downgraded Eni SPA (NYSE: E) from outperformance to the sector to occur, with a price target of 17 euros. The demotion comes after the actions of the Italian energy giant experienced a period of solid performance, helped by a certain number of recent business transactions.

Although the ENI balance sheet has remained robust following these transactions, RBC Capital said that the stock is “due to a strong race”. According to the company, the ENI energy transition plan continues to be congratulated by the market, enjoying it more than during its first revelation.

Eni SPA (NYSE: E) is an Italian energy conglomerate based in Rome. Considered one of the seven Super-Amorce oil companies worldwide, the company has operations in 66 countries around the world.

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Read then: 10 Best Magic Formula Actions for 2025 and 10 best retirement actions to buy according to hedge funds.

Disclosure: None. This article is initially published at Initiate monkey.

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