RBC Capital analyst Fernando Garcia upgraded EDP Renovaveis to Outperform from Sector Perform with a price target of EUR 16, down from EUR 17.50. The company’s growth strategy has to be revisited shortly to accommodate its targeted increase of renewable capacity to its current earnings power, the analyst tells investors in a research note. The firm says the shares are trading below EDP’s invested capital.
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- EDP Renovaveis price target lowered to EUR 14.60 from EUR 15 at Barclays
- EDP Renovaveis downgraded to Hold from Buy at Societe Generale
- EDP Renovaveis price target lowered to EUR 4.90 from EUR 5.60 at JPMorgan
- EDP Renovaveis upgraded to Buy from Neutral at Goldman Sachs
- EDP Renovaveis price target lowered to EUR 17.50 from EUR 20.50 at JPMorgan
