In a report released today, Roberto Ranieri from Stifel Nicolaus maintained a Hold rating on Enel S.p.A. (0NRE – Research Report), with a price target of €6.60.
Roberto Ranieri has given his Hold rating due to a combination of factors influencing Enel S.p.A.’s financial performance and outlook. The company’s recent fiscal year results showed a modest increase in EBITDA and net income, aligning with expectations and market consensus. While there was a notable decrease in revenues primarily due to lower energy production and sales, this was partially offset by gains in the renewables and distribution sectors.
Despite a reduction in net debt and a proposed dividend increase, the dividend remains at the lower end of the guidance range. The company’s guidance for 2025 remains consistent with previously announced targets, focusing on strategic investments in distribution networks and renewables. Given these factors, along with the absence of significant surprises in the financial outlook, Ranieri maintains a Hold rating, reflecting a cautious stance until further improvements are realized.
In another report released yesterday, RBC Capital also maintained a Hold rating on the stock with a €7.50 price target.
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