Enel: Oddo raises TP on new strategy
(CercleFinance.com) - As Enel yesterday detailed its 2020/2023 strategy, Oddo maintains its buy rating on the stock, raising its corresponding target price to 9.
6 euros, vs. 8.6 euros previously.
Analysts say that this new version of the strategic plan for 2023 does not significantly change their EBITDA estimates and reassure that it only marginally affects their earnings expectations (2021-23e EPS estimates -6.4%, -0.7% and +2.2% respectively).
Indeed, the broker concludes that Enel's strategy remains - unsurprisingly - focused on organic growth, mainly in renewable energy and distribution networks.
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.
6 euros, vs. 8.6 euros previously.
Analysts say that this new version of the strategic plan for 2023 does not significantly change their EBITDA estimates and reassure that it only marginally affects their earnings expectations (2021-23e EPS estimates -6.4%, -0.7% and +2.2% respectively).
Indeed, the broker concludes that Enel's strategy remains - unsurprisingly - focused on organic growth, mainly in renewable energy and distribution networks.
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.