Enel: stock rises on broker upgrade
(CercleFinance.com) - Enel is up nearly 1% in Milan, on the back of a Jefferies upgrade from "hold" to "buy" with a target price raised by 23% to E8, after raising 2024-26 EPS estimates by 4% for the electric utility group.
Enel is trading at a significant discount to its integrated peers, which is unjustified, based on our comparative analysis, in which it is well positioned in terms of business mix, yields and balance sheet, the broker says.
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Enel is trading at a significant discount to its integrated peers, which is unjustified, based on our comparative analysis, in which it is well positioned in terms of business mix, yields and balance sheet, the broker says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.