Kepler Cheuvreux Downgrades TotalEnergies to Reduce, Removes from Sector Most Preferred List

TotalEnergies has been downgraded to Sell equivalent and removed from Kepler Cheuvreux's Sector Most Preferred list, due to the firm's rising vulnerability to a prolonged liquefied natural gas oversupply cycle. The downgrade comes despite TotalEnergies being replaced by BP on Kepler's preferred list.