Enel: HSBC still buying, adjusts TP

(CercleFinance.com) - HSBC Global Research confirms its 'buy' recommendation on Enel shares, nudging up its target price from E8 to E8.
2, seeing its dividends increase in a model based on a very strong balance sheet and growing payout ratios.

We expect Enel to redouble its efforts in its strategy of concentration and resilience, which will translate into attractive returns for shareholders, the broker summarises regarding the Italian energy group.


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