RBC Capital Sys Eni (E) “Due a Breather” After Period of Outperformance

Group 1 - Eni S.p.A (NYSE:E) is recognized as one of the best-performing European stocks, but RBC Capital downgraded it from Outperform to Sector Perform with a price target of EUR17 [1] - The downgrade follows a strong performance period for Eni, supported by recent corporate transactions, although the stock is considered "due a breather" [2] - Eni's balance sheet remains robust, and its energy transition plan has received positive market feedback, showing increased appreciation since its initial announcement [2] Group 2 - Eni S.p.A is a major Italian energy conglomerate, classified among the seven supermajor oil companies globally, with operations in 66 countries [2]