E.ON: UBS lowers price target

(CercleFinance.com) - UBS believes that the German elections are the key catalyst.
The analyst reiterates his buy recommendation, but lowers his price target to E15.8 (from E16.2), which still represents a 37% upside potential for the stock.

'e.on remains one of our top picks in the sector. We see no major risks for network companies in Germany on the basis of the statements' says UBS.

The group thus declares itself on track to achieve its confirmed targets for the full year 2024, namely adjusted net income of 2.8 to three billion euros and adjusted EBITDA of 8.8 to nine billion.

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