Axia decreased the price target from €8.30 to €8.00 and maintains Neutral recommendation. The broker updated its estimates based on EDPR’s results as well as updated assumptions on installed capacity.
The broker increased the price target from €7.70 to €9.00 with a Buy recommendation, highlighting the steady and diversified growth with an undemanding valuation.
BBVA slightly increased EDPR's target price from €8.10 to €8.12 and mantained the Market Perform recommendation.
After a model refresh the broker increased the price target from €4.50 to €8.00 with a recommendation from Sell to Hold. The broker highlights the value of the existing portfolio and the immediate pipeline with quasi-regulated cash flows.
BPI increased price target from €9.15 to €9.70 and upgrades its recommendation from Neutral to Buy. BPI's estimates update rest on EDPR’s growth beyond 2020 targets and appealing upside.
The broker updated its estimates, increasing earnings estimates until 2020 and highlighting the lower cost of debt and the solid growth track record. The broker increased the price target from €6.90 to €7.50 and maintains Neutral recommendation.
Caixa BI decreases EDPR´s price target to €7.10 from €7.60 and downgrades its recommendation to Neutral. The analyst believes EDPR´s investment case remains solid and unchanged with interesting growth options. However, it highlights that market’s liquidity has decreased significantly and company’s fundamentals has lost importance.
The broker increased the price target from €6.85 to €7.90 and maintains Neutral recommendation after adjusting asset valuation and decreased capital cost expectations. The broker believes that limited merchant exposure, strong earnings growth and a potential M&A premium are factored in the current share price.
The broker updated its estimates for EDPR, increasing the price target from €8.20 to €8.30 while downgrading the recommendation from Buy to Hold following the recent share price development.
Exane BNP increased the price target from €8.10 to €8.20 with Neutral recommendation. The broker updated its estimates following the expected EDPR’s strong growth up to 2020 and beyond.
Goldman Sachs increased price target to €9.20 with Neutral recommendation unchanged.
Grupo CIMD updated its estimates following 3Q18 results, increasing the price target from €7.45 to €7.90. The broker makes no recommendation.
Haitong maintains price target at €8.00 and reduced recommendation from Buy to Neutral due to lower upside to price target relative to current share price.
JB Capital Markets updates EDPR’s valuation to 2018, adding the new UK offshore wind project and updating the exchange rates and remuneration in Poland. All things considered, price target remains at €8.00 and Neutral recommendation is unchanged.
Following a model updated, the broker increased the price target from €7.80 to €8.20 and maintains Overweight recommendation. The price increase benefits from higher long-term growth linked to recent PPAs announced in the US market, which more than offset expiring US PTCs.
The broker maintains the price target of €8.40 and also the Buy recommendation, despite adverse foreign exchange and poor wind loads.
Following the tender offer by CTG, the broker increased its price target from €7.05 to €7.90 and maintains Neutral recommendation.
Mediobanca initiates coverage with €8.30 price target and Neutral recommendation. While the broker highlights the visible growth profile with low exposure to market fluctuations in stable markets, the firm sees returns for new assets under pressure and low liquidity as a risk factor.
Morgan Stanley maintains its €8.00 price target and Equal-weight recommendation following the 1Q18 results release. The broker highlights the reassuring business plan execution of EDPR and the growth opportunities post 2020.
Natixis increased the price target from €6.90 to €7.00 and maintains Neutral recommendation. The broker updated its estimates based on EDPR’s annual results as well as new market developments in Europe.
RBC initiates coverage of EDPR with a Neutral recommendation and a €8.20 price target. These estimates are based upon what the broker believes to be a recent vigorous EDPR's operational performance that resulted in strong cash flow generation.
The broker updated its estimates increasing the price target from €8.04 to €10.09 while upgrading the recommendation from Hold to Buy. The broker believes that EDPR offers tremendous potential if the CTG's bid goes through and good value if it does not.
Societe Generale increased its price target from €7.50 to €8.00 and maintains Hold recommendation. While the broker highlights the positive 1Q18 results and similar outlook for the full year, it believes visibility beyond 2020 is needed.
The broker updated its estimates, including future growth of capacity secured or under construction and better than expected wind factors. The broker increased the price target from €8.00 to €10.00 and maintains Buy recommendation.