Goldman Sachs upgraded EDP Renovaveis to Buy from Neutral with a price target of EUR 17.50, down from EUR 18.50. The company’s earnings momentum is “weak”, though the disappointing guidance has reset expectations way beyond 2024, the analyst tells investors in a research note. The firm also believes that most of the 2024 earnings downgrades reflect temporary factors that should normalize over the coming years, Goldman Sachs added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EDRVF:
- 0ML1 Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- EDP Renovaveis price target lowered to EUR 17.50 from EUR 18 at RBC Capital
- EDP Renovaveis price target lowered to EUR 20.50 from EUR 22 at JPMorgan
- EDP Renovaveis downgraded to Hold from Buy at Deutsche Bank
- EDP Renovaveis downgraded to Neutral from Outperform at Exane BNP Paribas
