Endesa: HSBC upgrades stock
(CercleFinance.com) - HSBC Global Research upgrades Endesa shares from 'hold' to 'buy', while raising its target price from E21.
6 to E24.2, as it sees the Spanish energy group's forthcoming CMD as a positive catalyst.
The broker expects positive catalysts in the networks over the next six to 18 months, confirming its growth assumptions. It is also counting on the resilience of the integrated margin to exceed market expectations, and on higher electricity prices.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
6 to E24.2, as it sees the Spanish energy group's forthcoming CMD as a positive catalyst.
The broker expects positive catalysts in the networks over the next six to 18 months, confirming its growth assumptions. It is also counting on the resilience of the integrated margin to exceed market expectations, and on higher electricity prices.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.