Analyst Reiterates Buy on TotalEnergies with Unchanged $82 Target, Citing Earnings Resilience and Strong Future Cash Flows
Complete. Here is the key summaryBank of America Securities analyst Christopher Kuplent reiterated a Buy rating on TotalEnergies with an unchanged $82 price target, citing earnings resilience and strong future cash flows. He highlighted the company's integrated portfolio benefits and attractive distribution yield. Additionally, UBS also maintained a Buy rating on TotalEnergies, setting a higher price target of €86.
In a report released today, Christopher Kuplent from Bank of America Securities reiterated a Buy rating on TotalEnergies SE, with a price target of €82.00.
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Christopher Kuplent has given his Buy rating due to a combination of factors that highlight both earnings resilience and cash flow strength. He views TotalEnergies as his preferred name among the major oil companies and notes that the company’s second-quarter results underscored the benefits of its broad, integrated portfolio, even with a portion of production constrained by geopolitical bottlenecks.
Kuplent also emphasizes that his forecasts still imply meaningful upside to market expectations for 2026 cash flow and returns, supporting a continued Buy stance with an unchanged $82 price target. In his view, TotalEnergies offers an attractive total distribution yield around 8% in 2026 and is poised for strong free cash flow generation toward 2028, outperforming peers under mid-cycle commodity price assumptions.
In another report released today, UBS also reiterated a Buy rating on the stock with a €86.00 price target.