Enel: still a best pick for Deutsche Bank
(CercleFinance.com) - In a review of the utilities sector in Europe, Deutsche Bank has confirmed that the Italian Enel stock is still one of its best picks.
The broker has raised its corresponding target price from 7 euros to 7.5 euros.
Analysts point to the growing political will in many European countries to significantly reduce harmful gas emissions. While the topic of the electric vehicle has been clearly identified, that of heating is, according to "Deutsche," insufficiently taken into account by the market, even though the latter represents a quarter of emissions in the EU. Over the long term, Deutsche Bank prefers Iberdrola and Enel.
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