E.ON: Credit Suisse still a buyer

(CercleFinance.com) - Credit Suisse reiterated its "outperform" rating on the E.
ON share, while maintaining its target price of 10.6 euros (5% upside potential), believing that "the market is not discounting the transformation into a mostly network operator".

The broker has cut its 2020 EBIT and EPS estimates by 3% and 6% respectively, reflecting the impact of the Covid-19 pandemic, with estimated EBIT in the middle of the German group's target range and 4% below the consensus.


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