RBC Capital Maintains Sector Perform on TotalEnergies, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Biraj Borkhataria has maintained a 'Sector Perform' rating on TotalEnergies (NYSE:TTE) but lowered the price target from $65 to $60.
July 20, 2023 | 11:52 am
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TotalEnergies' price target has been lowered from $65 to $60 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100