Elia: UBS initiates coverage as buyer

(CercleFinance.com) - UBS initiates coverage of Elia group shares with a 'buy' rating and a target price of E96, which represents 49% upside potential for the Belgian energy group's shares.


We expect Elia to become Europe's third-largest regulated electricity company within three years, the broker predicts in its summary on this high-voltage electricity transmission network operator.


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