ANALYSIS FLASH: JPMorgan puts Eni on “Positive Catalyst Watch”

NEW YORK (dpa-AFX Broker) – The US bank JPMorgan has awarded Eni the status of “Positive Catalyst Watch”. In an industry study published on Friday, analyst Matthew Lofting concludes the foundation of the oil company with an “overweight” price target of 18.50 euros. The OPEC oil cartel is currently showing conscientious cohesion, wrote the expert. This is beneficial for the free cash flow of the industry's companies, because the corresponding return is significantly above the historical average at a price of 80 US dollars per barrel of Brent. This underlines his conviction in Shell and Eni. Both are making strategic progress that should increase the sustainability of their cash returns in the medium term./tih/mis

Publication of the original study: 05.09.2024 / 20:07 / BST

First distribution of the original study: 06.09.2024 / 00:15 / BST