Core Viewpoint - RBC Capital upgraded TotalEnergies to "Outperform" and adjusted the price target from €75 to €70, indicating positive sentiment towards the company's future performance [1][6] Company Strategy - TotalEnergies is acquiring a stake in an onshore gas field in the United States, demonstrating its commitment to expanding energy operations in the region [2][6] - The company is reducing its capital expenditures by $1 billion annually, reflecting a trend towards financial prudence and a strategy to balance growth with cost management [3][6] Market Performance - TotalEnergies' stock is currently priced at $59.63, showing a 3.39% decrease from the previous price, with fluctuations between $59.22 and $62.29 on the same day [4] - Over the past year, the stock reached a high of $69.79 and a low of $52.78, indicating market volatility [4] - The company has a market capitalization of approximately $134.5 billion, with a trading volume of 355,981 shares today, reflecting strong investor interest [5]
TotalEnergies (NYSE:TTE) Upgraded by RBC Capital Amid Strategic Moves