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EDF: Morgan Stanley still says buy after results

( - An analyst at Morgan Stanley has confirmed a buy rating ("Overweight") rating on the EDF share, entitling its report "Road clearing towards EDF Transformation".

"We believe the reassurance given regarding progress on Re-organisation and reform of Nuclear regulation will increase market participation in the investment case," the broker says.

Morgan Stanley also confirms its target price of 13 euros for the share. The EDF share is up almost 2.5% at lunchtime on Monday.

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