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Fly News Breaks for April 11, 2018
RDS.A, BP, TOT, E
Apr 11, 2018 | 09:56 EDT
Deutsche Bank analyst Lucas Herrmann coupled an upgrade of Eni SpA (E) to Buy from Hold with a downgrade of Total (TOT) to Hold from Buy. The analyst sees improving fundamentals and free cash flow yield for Eni. He raised his price target for the shares to EUR 16.50 from EUR 15.50. Herrmann moved to a Hold rating on Total following the recent "strong relative performance" of the shares. His price target for the stock of EUR 52 remains unchanged. The analyst calls BP (BP) and Royal Dutch Shell (RDS.A) his most preferred names in European Integrated Oil.
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