DZ Bank raises fair value for Eni to 31 euros

DZ Bank has increased its fair value estimate for the Italian energy company Eni from 28 to 31 euros, maintaining a “Buy” rating. Analyst Werner Eisenmann cited a significant increase in third-quarter results and a substantially strengthened balance sheet as primary drivers for the upgrade.

The bank also highlighted Eni’s capital return policies, specifically noting the announced special dividend and a third increase to the share buyback budget.