Enel: UBS still a buyer - ups target price
(CercleFinance.com) - UBS reinstates its "buy" recommendation on the share of Italian electricity supplier Enel, having raised its corresponding target price from 5.
65 euros to 6.10 euros, which suggests upside potential of 11%.
"Iberian hydro conditions are looking weak again this year, but we
believe there is plenty to offset this in Enel's three year plan, not
yet fully priced in," the broker says.
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