BofA Lifts PT on TotalEnergies SE (TTE) to EUR 75 From EUR 70 – Here’s Why

TotalEnergies SE (NYSE:TTE) besides received a standing update from Piper Sandler connected March 12. The steadfast lifted the terms people connected the banal to $92 from $74, maintaining a Neutral standing connected the shares and telling investors that it is revising guardant estimates and terms targets connected the backmost of a $5.00/bbl summation successful its mid-cycle WTI terms forecast. It stated that this was driven by the lasting effects of the warfare successful Iran.

Piper further said that though the duration of outages successful the Middle East remains highly uncertain, the firm’s commodity macro team, led by Global Energy Strategist Jan Stuart, expects the 2026 crude balances to tighten by astir 2.0 Mb/d compared to anterior expectations. It added that lingering impacts/risk premiums and planetary assets tightening volition rise the barroom connected aboriginal investment.

TotalEnergies SE (NYSE:TTE) operates arsenic a planetary integrated vigor institution that produces earthy state and greenish gases, lipid and biofuels, arsenic good arsenic renewables and electricity. It is headquartered successful Courbevoie, France, and operates done the pursuing concern segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

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