Enel: Jefferies reiterates its Buy recommendation

(CercleFinance.com) - The analyst firm confirms its Buy recommendation, with a price target of E9.


'Strong earnings come from robust hydroelectric production and the continued resilience of the integrated business', says Jefferies.

Management now sees its earnings profile as more linear and predictable, despite a challenging market/geopolitical environment", adds the analyst firm.

Guidance for the year has been reiterated, and an update on shareholder remuneration/DPS for 2024 will be provided at the CMD on November 18'.

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