Repsol: Berenberg still a buyer after results
(CercleFinance.com) - Berenberg reinstates its "buy" rating on the Repsol share, along with its target price of 17 euros, after the Spanish oil company, "delivered a good set of Q3 results and more importantly, pointed to an even stronger Q4 to come".
The broker says, "Strong refining is the bright spot into year-end amid generally weak commodity prices and Repsol is one of the best positioned companies to benefit from this environment".
The Repsol share is currently up around 2% at just over 15 euros.
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