Home » Enel: Barclays’ favorite utility, rating confirmed at overweight – ERRATA CORRIGE

Enel: Barclays’ favorite utility, rating confirmed at overweight – ERRATA CORRIGE

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The news published at 14:41 contains an inaccuracy. Below is the text of the correct news.

Flat sitting on the Ftse Mib for Enel, which moves slightly above par in the 8.1 euro area. The stock of the Italian energy group ended up under the lens of Barclays which confirms the overweigt recommendation and the target price of € 10.1. In particular, the experts write that “Enel remains the preferred vertically integrated utility in Southern Europe” and estimate that “about 76% of the new renewable capacity in the coming years will involve its key markets (Italy, the Iberian Peninsula, the North and the South America), thus strengthening the vertical integration of the group “. “Although the stock trades at a discount compared to its competitors due to its exposure to Latin America, we expect the process of simplifying the corporate structure to lead to a reduction in its exposure to the region and a revaluation of the stock”, underline by Barclays.

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