Enel: Credit Suisse still a buyer, adjusting target price

(CercleFinance.com) - Credit Suisse reinstates its "outperform" rating on the Enel share, having reduced its corresponding target price from 8 euros to 7.
4 euros, after updating its model following the Italian electricity company's Q1 results.

The broker only expects the Covid-19 pandemic to have a limited impact on its annual results, due to Enel's well-diversified business mix. It has reduced its FY 2020 earnings estimate by 4%, although this is still around 2% above the consensus.


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