Jefferies downgraded EDP Renovaveis to Hold from Buy with a price target of EUR 15.50, down from EUR 27.50, after assuming coverage of the name. The analyst prefers to gain exposure to renewable through the parent company, rather than via EDPR, given significant implied discount value at EDP.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EDRVF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue