(CercleFinance.com) - The analyst firm reiterates its buy recommendation on the stock and lowers its price target to E67 (from E71), which implies a potential upside of 11% from the current price.

' A rapid and significant transition leads to a more efficient transition, while upstream growth supports a distribution yield of >10%' says UBS.

Let's recall that the French group saw its adjusted net income fall by 35% to $6.5 billion in the third quarter, where consensus was targeting $6.2 billion, for an adjusted Ebitda of $13.1 billion, down 33%.

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