1003 GMT - Eni's share price has been boosted by asset sales and buybacks but this means there is now limited room for positive surprises, analysts at UBS write. Since mid-June, Eni shares have outperformed peers by 8% but it will be increasingly hard for the oil major to beat market expectation. This could cap its share-price growth, the analyst write. Investors are unwilling to place high-value on green-energy investments and the absence of future oil price rises means Eni's earnings per share momentum might be stalling. UBS downgrades the stock's rating to neutral from buy. Shares trade down 0.1% to 13.66 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 09, 2025 05:04 ET (10:04 GMT)
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