Enel: RBC downgrades to 'sector perform'.
(CercleFinance.com) - RBC Capital Markets has downgraded its rating on Enel from "outperform" to "sector perform," on valuation grounds, while raising its target price from 4.
75 euros to 5.5 euros.
In a research report sent to clients, the broker says that the recent results from Italy's biggest utilty group showed that it is outperforming its growth and portfolio management plan.
While the consensus is positive towards the Enel stock, RBC points out the share price's recent outperformance and a total implied return that is now in line with peers.
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.
75 euros to 5.5 euros.
In a research report sent to clients, the broker says that the recent results from Italy's biggest utilty group showed that it is outperforming its growth and portfolio management plan.
While the consensus is positive towards the Enel stock, RBC points out the share price's recent outperformance and a total implied return that is now in line with peers.
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.