EDF: UBS maintains 'buy' rating, but cuts target price
(CercleFinance.com) - UBS reiterates its "buy" recommendation on EDF, although has cut its corresponding target price reduced from 17 euros to 15.
5 euros, which still represents upside potential of about 25% for the share of the French electricity giant.
Despite cutting its earnings estimates after EDF's FY results, the broker remains positive towards the share, based on ever-increasing visibility of the group's "Hercules" restructuring plan.
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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.
5 euros, which still represents upside potential of about 25% for the share of the French electricity giant.
Despite cutting its earnings estimates after EDF's FY results, the broker remains positive towards the share, based on ever-increasing visibility of the group's "Hercules" restructuring plan.
Copyright (c) 2019 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.