Drax: Credit Suisse no longer on 'Sell'
(CercleFinance.com) - Considering that the share is no longer expensive, Credit Suisse changed its 'Underperform' recommendation on British energy company Drax, to 'Neutral'.
The target price has been lowered from 325 to 295 pence.
Although the Drax share has lost more than a quarter of its value in three months, analysts estimate its downside potential to be considerably reduced.
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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.
The target price has been lowered from 325 to 295 pence.
Although the Drax share has lost more than a quarter of its value in three months, analysts estimate its downside potential to be considerably reduced.
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.