Eni S.p.A (NYSE:E) ranks among the best-performing European stocks to invest in. On September 2, RBC Capital downgraded Eni S.p.A (NYSE:E) from Outperform to Sector Perform, with a EUR17 price target. The downgrade comes after the shares of the Italian energy giant experienced a period of solid performance, aided by a number of recent corporate transactions.
Although Eni’s balance sheet has remained robust as a result of these transactions, RBC Capital stated the stock is “due a breather after a strong run.” According to the firm, Eni’s energy transition plan continues to be praised by the market, appreciating it more than it did when it was first revealed.
Eni S.p.A (NYSE:E) is an Italian energy conglomerate based in Rome. Considered to be one of the seven supermajor oil companies in the world, the company has operations in 66 countries across the globe.
While we acknowledge the potential of E as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
