Deutsche Bank analyst James Brand lowered the firm’s price target on Enel (ENLAY) to EUR 6.80 from EUR 7 and keeps a Hold rating on the shares. Having called time on the rally in October, the firm is upgrading its market relative view back to positive for the sector. European utilities trade at an exceptional discount, with thematic risks overestimated, Deutsche tells investors in a research note on Friday.
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Read More on ENLAY:
- Enel price target lowered to EUR 8 from EUR 8.25 at Morgan Stanley
- Enel price target raised to EUR 8.40 from EUR 8.30 at Barclays
- Enel price target raised to EUR 8.25 from EUR 7.80 at Morgan Stanley
- Enel price target raised to EUR 7.50 from EUR 7 at RBC Capital
- Enel upgraded to Outperform from Neutral at Exane BNP Paribas
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