TOTALENERGIES : price target raised by Oddo BHF
In addition, the consultancy is examining the possibility of moving the stock's primary listing (and not its domiciliation) to the USA, a market where oil companies are better perceived than in Europe.
Oddo BHF believes that the stock should trade at a multiple of five times the 2024 CFFO and deserves a premium over the sector. The stock offers an excellent yield of 10%, one of the best in the sector", it continues, mentioning its lead in the transition.
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