Repsol: Credit Suisse still rates 'Outperform'
(CercleFinance.com) - On Wednesday morning, a Credit Suisse analyst confirmed an "Outperform" rating on the Repsol share, accompanied with a target price of 15 euros (c.
80% upside).
"Catalysts include 1Q20 results on 5th May. Acquisitions in the low-carbon business are likely to be small, and growth in the low-carbon business will now be more organic in nature. Risks include weaker refining margins as it is more exposed to these than peers," the broker says.
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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.
80% upside).
"Catalysts include 1Q20 results on 5th May. Acquisitions in the low-carbon business are likely to be small, and growth in the low-carbon business will now be more organic in nature. Risks include weaker refining margins as it is more exposed to these than peers," the broker says.
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.