Iberdrola: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF has reinstated its "buy" rating on the Iberdrola share, raising its target price from 11.
2 euros to 12 euros, describing the Spanish group as the global strategic reference for integrated utilities companies.

Since 2001, the group has pursued a resilient strategy of profitable growth (renewable and networks), geographic expansion and attractive remuneration of its shareholders (TSR of 99%), it points out.

Amongst pioneers in renewable energy, Iberdrola has a leading position and will continue to develop in maritime wind power, said the analyst, believing that the risks inherent in this strategy only have a limited impact.


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