Uniper: UBS returns to 'neutral' rating.
(CercleFinance.com) - UBS has returned to a "neutral" rating on the Uniper share, with the German energy group's shares having risen by 25% over the past two months.
The broker explains that the stock has risen from 16.6 euros to 20.8 euros after the company posted positive H1 results, announcing a reduction in its debt, and increasing both earnings and dividend guidance for 2017.
While the momentum remains favourable according to UBS, with the shares having upside potential to 27.7 euros, the broker see risks too, starting with FX factors which could start to become a headwind.
The broker has raised its target price for the share from 18.5 euros to 20.6 euros.
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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 broker explains that the stock has risen from 16.6 euros to 20.8 euros after the company posted positive H1 results, announcing a reduction in its debt, and increasing both earnings and dividend guidance for 2017.
While the momentum remains favourable according to UBS, with the shares having upside potential to 27.7 euros, the broker see risks too, starting with FX factors which could start to become a headwind.
The broker has raised its target price for the share from 18.5 euros to 20.6 euros.
Copyright (c) 2017 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.