EDF: Morgan Stanley says 'overweight' ahead of results
(CercleFinance.com) - Morgan Stanley reiterates its "overweight" recommendation on the EDF share, along with its target price of 13 euros, saying that " Management commentary and/ or a guidance beat could deliver a positive share price reaction," with its FY results.
"Feb FY Results should de-risk the operational outlook for 2020 and therefore 'clear the skies' for focusing on the potentially bigger prize of path to re-organisation," the broker said.
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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.
"Feb FY Results should de-risk the operational outlook for 2020 and therefore 'clear the skies' for focusing on the potentially bigger prize of path to re-organisation," the broker said.
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.