Enel: RBC downgrades 'outperform rating'.
(CercleFinance.com) - RBC Capital Markets has dowgraded its rating on Enel from "outperform" to "sector perform", for valuation reasons, while the broker has raised its price target for the share from 4.
75 euros to 5.5 euros.
In its research report, the broker explains that the latest results of the leading Italian utilities group showed that it has outperformed its portfolio's growth and management plan.
While the consensus is positive for Enel, RBC Capital Markets points out the share's recent outperformance and an implied total yield that is now in line with its peers.
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.
75 euros to 5.5 euros.
In its research report, the broker explains that the latest results of the leading Italian utilities group showed that it has outperformed its portfolio's growth and management plan.
While the consensus is positive for Enel, RBC Capital Markets points out the share's recent outperformance and an implied total yield that is now in line with its peers.
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.