TotalEnergies: the drop in the barrel in question

(Boursier.com) — In the wake of crude oil prices falling below $80 per Brent, TotalEnergies remains discussed on the 60 euros on the Paris stock exchange this Thursday. Among the latest broker opinions, Jefferies adjusts its target from 70 to 69 euros while remaining a purchase. HSBC had already lowered its target from 73 to 71.5 euros while also remaining a buy and Morgan Stanley had reduced its focus on the energy giant from 77 to 71 euros, while remaining ‘overweight’… The US bank believes that although several factors supporting its attractive vision for the European energy sector have now come to fruition, the long-term positives remain valid. The bank’s analysts point out that in a broader and uncertain market context, the energy sector still offers enough attractions: They cite factors such as high dividend yields and free cash flow, as well as significant share buybacks. Additionally, the sector offers diversification against major risks related to inflation and geopolitical issues…