Buy Eni: Cash Returns + Asset Sales and a Tight Technical Set-Up Support a Mid-Term Long
Eni is trading near its 52-week highs on constructive fundamentals: a market cap of ~$86.5B, a 13.6x P/E, 1.57x PB and a near 3% dividend yield. Recent deals to monetize Indonesian upstream stakes, positive analyst revisions and bullish technical momentum create a favorable risk-reward for a mid-term long trade. Entry $57.65, target $64.00, stop $5…