Endesa: UBS maintains buy rating, raises target price
(CercleFinance.com) - UBS reinstates its "buy" rating on Endesa shares, nudging up its target price for them from 23.
5 to 24.5 euros, the day after the Spanish energy group presented its 2022-24 strategy and 2030 guidance.
"Targets beat consensus forecasts and the market welcomed the solid plan," the broker says, adding that Endesa "also also upgraded its 2030 outlook on >20% higher investments".
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