Enel: UBS raises target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Enel shares, while raising its target price for them from E7.
55 to E8.25, a new target that offers 20% upside potential for the Italian energy group's stock.

After the faster-than-expected delivery of the cost-cutting and divestment plan, debt is now comfortable and the November 2024 strategic plan should refocus on growth, the broker says, which also mentions "solid" results.


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