Goldman Sachs analyst Alberto Gandolfi upgraded Iberdrola to Buy from Neutral with a EUR 13 price target. The analyst sees the company’s limited earnings volatility as a “highly attractive feature” in a sector affected by earnings downgrades on the back of falling energy prices.
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- Iberdrola price target raised to EUR 13 from EUR 12 at Morgan Stanley
- Iberdrola downgraded to Hold from Buy at Societe Generale
- Iberdrola downgraded to Equal Weight from Overweight at Barclays