Engie: Jefferies still buying despite political headwinds

(CercleFinance.com) - One month after it began to monitor the stock, Jefferies confirms its 'buy' recommendation and E19 target price for Engie shares, continuing to appreciate the risk/reward ratio on its current valuation, despite the political headwinds for the energy group.


Our analysis of potential tax measures indicates that the risk of new taxation is manageable, and we also anticipate a margin of risk reduction in the coming weeks, the broker says, whose buy conviction remains strong.


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