Uniper: Morgan Stanley raises target price.
(CercleFinance.com) - Morgan Stanley has raised its target price for the German energy group Uniper's share to 20.
3 euros, from a previous target price of 19.7 euros.
The broker - which maintains its "overweight" rating on the share - has cited the pleasant surprise of a dividend increase following the company's first-half results.
Morgan Stanley also points out a bullish stance over the group's cash flow and outlook.
With E.ON's potential stake disposal coming no sooner than in January 2018, messaging should remain positive, the broker adds in a research note.
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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.
3 euros, from a previous target price of 19.7 euros.
The broker - which maintains its "overweight" rating on the share - has cited the pleasant surprise of a dividend increase following the company's first-half results.
Morgan Stanley also points out a bullish stance over the group's cash flow and outlook.
With E.ON's potential stake disposal coming no sooner than in January 2018, messaging should remain positive, the broker adds in a research note.
Copyright (c) 2017 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.