EDP: stock up on broker comments
(CercleFinance.com) - EDP shares are up over 1% today, outperforming the PSI20 index in Lisbon, benefiting from UBS' comments, which confirmed its "buy" rating on the stock, nudging up its target price for it from 5.
45 euros to 5.8 euros, after the Portuguese energy group's interim results.
Analysts say that EDP still offers attractive growth and a significant implied discount on the Iberian units compared to its listed subsidiaries EDPR and EDP Brasil.
Copyright (c) 2022 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.