E.ON: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse reiterates its "outperform" rating on E.
ON, increasing its corresponding target price to 11 euros (vs. 10.3 euros previously).

"E.ON remains one of our top picks as we believe it offers exposure to rising investments in power networks, where Germany represents a driving force in Europe," the broker says.

Following FY 2020 financial results, Credit Suisse has revised its guidance, now expecting 2021 EBIT and EPS to increase by 2%, reflecting the improved performance of the UK retail business.


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