Oddo BHF maintains its 'outperform' rating on Enel shares, with an unchanged target price of 9.2 euros.

The analyst reports that Enel reported Q1 24 performance 'slightly above expectations', driven by generation and marketing activities, but also by network investments and tariff revisions.

Against this backdrop, management confirmed compliance with the 2024-2026 trajectory issued last November.

In view of this confirmation, we are maintaining our estimates unchanged", says the broker.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.