RBC Capital downgraded Enel to Sector Perform from Outperform with a price target of EUR 6.75, down from EUR 7. After share outperformance in 2023, Enel needs to deliver the new strategy to continue its outperformance, the analyst tells investors in a research note. The firm reduced estimates on lower power prices.
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 ENLAY:
- Enel downgraded to Hold from Buy at Jefferies
- Enel price target raised to EUR 8 from EUR 7.50 at Barclays
- Enel downgraded to Hold from Buy at Deutsche Bank
- Ormat Technologies closes acquisition of assets from EGPNA
- Enel SpA Unsponsored ADR (ENLAY) Unveils Dividend Details for Q1: Mark Your Calendar!