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Piper Sandler analyst Ryan Todd raised the agency’s value goal on TotalEnergies (TTE) to $70 from $69 and retains a Impartial ranking on the shares. The agency says that though investor concern relating to the near-term outlook for crude oil is retaining sentiment muted for now, Q3 outcomes proceed to spotlight the robust relative positioning of the group inside vitality. Whereas per longer-term developments, a number of key takeaways stay clear, specifically that free money move era is resilient, headline progress stays comparatively robust, and structural value financial savings are regularly driving down breakeven, Piper provides.
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