Baird analyst Ben Kallo raised the firm’s price target on Eni to $32 from $15 and keeps an Outperform rating on the shares. The firm met with management and came awa incrementally positive. They believe the stock dynamic has changed dramatically following three utility deals culminating with the AEP deal which they see as the biggest proofpoint of the company’s commercial traction for large deals and potentially a sign of things to come.
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