E.ON: Oddo appreciates a stock that keeps its promises
(CercleFinance.com) - This morning, an Oddo BHF analyst confirmed a "buy" recommendation on E.
ON, hailing a defensive stock that keeps its promises.
The broker says that the integration of Innogy is coming to an end and that the latest comments on the level of synergies suggest that the upper end of the 600m-800m euro target range should be reached. At its CMD, it believes that new pockets of optimisation will probably be revealed to the market. In particular, analysts believe that the group could identify areas of savings at the Capex of the Customer Solution division after the integration of Innogy's customers. In addition, cost reduction plans could be deployed beyond synergies that have already been identified, analysts believe.
Oddo BHF thus confirms its target price of 10.60 euros for the share, whcih represents upside potential of 10%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
ON, hailing a defensive stock that keeps its promises.
The broker says that the integration of Innogy is coming to an end and that the latest comments on the level of synergies suggest that the upper end of the 600m-800m euro target range should be reached. At its CMD, it believes that new pockets of optimisation will probably be revealed to the market. In particular, analysts believe that the group could identify areas of savings at the Capex of the Customer Solution division after the integration of Innogy's customers. In addition, cost reduction plans could be deployed beyond synergies that have already been identified, analysts believe.
Oddo BHF thus confirms its target price of 10.60 euros for the share, whcih represents upside potential of 10%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.