Enel: Oddo upgrades stock
(CercleFinance.com) - Following the publication of its 2019 results, Oddo BHF has upgraded its rating on the share of Italian electricity producer Enel from "neutral" to "buy," while maintaining a target price of seven euros, which means upside potential of 20%.
In this publication, the broker highlights a reassuring message from Italy in a much worse environment for health, pointing to 2019 that will be in line and a confirmation of its 2020 trajectory, while noting the share's low valuation.
The mârket clearly agrees - the share is up around 9% in Friday morning trading in Milan.
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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.
In this publication, the broker highlights a reassuring message from Italy in a much worse environment for health, pointing to 2019 that will be in line and a confirmation of its 2020 trajectory, while noting the share's low valuation.
The mârket clearly agrees - the share is up around 9% in Friday morning trading in Milan.
Copyright (c) 2020 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.