Jefferies lifts oil-price view and upgrades Eni and Exxon Mobil
Analysts at Jefferies elevated their oil value view in addition to their scores on Eni and Exxon Mobil. They lifted their long-term Brent oil
forecast to $58 from $55, citing recovering demand because the vaccination rollout continues and a decrease provide threat from the excessive ranges of OPEC+ spare capability. They lifted Eni
to purchase from maintain, citing the dividend yield and the potential to spin off its biofuel enterprise. Exxon
was upgraded to carry from underperform, on a improved macro setting, although they mentioned Chevron’s
funding case was extra compelling, combining the next money move yield and better upstream progress potential.
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Tips on how to Get the Finest Offers on Amazon Prime Day 2021
Revealed: by Meg on June 19, 2021 | This publish might comprise affiliate hyperlinks. Learn my disclosure coverage right here. Amazon Prime…