There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on TotalEnergies (TOT) and EON SE (EONGY) with bullish sentiments.
TotalEnergies (TOT)
Kepler Capital analyst Bertrand Hodee maintained a Buy rating on TotalEnergies on June 8 and set a price target of EUR50.00. The company’s shares closed last Wednesday at $48.59, close to its 52-week high of $50.41.
According to TipRanks.com, Hodee is ranked #1569 out of 7547 analysts.
TotalEnergies has an analyst consensus of Strong Buy, with a price target consensus of $60.24, representing a 23.8% upside. In a report issued on June 8, MKM Partners also initiated coverage with a Buy rating on the stock with a $70.00 price target.
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EON SE (EONGY)
Kepler Capital analyst Ingo Becker maintained a Buy rating on EON SE on June 8 and set a price target of EUR15.00. The company’s shares closed last Wednesday at $12.35.
According to TipRanks.com, Becker is a 4-star analyst with an average return of 6.3% and a 64.1% success rate. Becker covers the Utilities sector, focusing on stocks such as Uniper SE, ENGIE SA, and Endesa.
Currently, the analyst consensus on EON SE is a Moderate Buy with an average price target of $18.26.
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