EDF: UBS upgrades stock

(CercleFinance.com) - UBS has upgrade its rating on EDF shares from "neutral" to "buy," having increased its target price for them from 13 euros to 15 euros, which suggests upside potential of 25% for the shares.


"The balance sheet mark to market in 2021 adds EUR2 to our sum of the parts, making a solid Buy case again - even before factoring in restructuring scenarios," the broker said.


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