Iberdrola: Barclays likes stock - a buyer
(CercleFinance.com) - On Friday a Barclays analyst confirms his "buy" recommendation ("overweight") on the Iberdrola share, accompanied with a target price of 11.
40 euros (about 1 euro about its current price).
"The Spanish utility remains our favoured play on the decarbonisation theme and the growth attached to that process. We like Iberdrola's critical mass to confront this investment challenge and we also believe it is well positioned with its focus on relatively few markets," it says.
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