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BBVA slightly increased EDPR's target price from €8.10 to €8.12 and mantained the Market Perform recommendation.
Berenberg maintains the Hold recommendation and respective price target, saying that the share is dominated by China Three Gorges's interest.
Bernstein's TP of €10.00 reflects the "value of the existing portfolio, new capacity to be built until 2022 (of which 70% is already secured) and 20% of EDPR's pipeline".
BPI maintains recommendation and increases price target to €11.55, mainly supported by the "value crystallisation from asset rotation, fundamental upside and potential M&A.
Caixa BI with Neutral recommendation and price target of €8.35.
The Outperform recommendation is maintained, but the broker increases the price target to €9.90 from €8.70 as EDPR is "favoured by global trends" and has a "proven development track record".
Fidentiis has resumed its coverage of EDPR with a Hold rating and target price of €8.20, explained by the projected "timid growth" in earnings.
Goldman Sachs increases the target price to €10.60 and improves the recommendation to Buy on the back of EDPR's "attractive portfolio and a solid track record on execution".
The broker praises the fact that EDPR has more than 100% of the 2020 plan secured and thus upgrades both price target and recommendation to €10.00 and Buy, respectively.
The price target increased to €9.00 comes from the incorporation in the J.P.Morgan's model of the FY2018 results and the EDP Group Strategic Update targets to the 2019-22 period.
The broker maintains the recommendation and increases the price target to €10.30 (upside of 16%), highlighting the "rather attractive" risk/reward profile of EDPR.
Macquarie reiterates the Neutral recommendation but increases the target price by 16% to €9.16, as the broker sees "further opportunities of value realization at EDPR".
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.
By recognizing higher value to the EDPR US assets, MedioBanca maintains recommendation of Outperfrom and increases the price target to €9.20.
RBC increases the price target from €7.50 to €8.00 and reiterates Outperform rating, positioning EDPR as their top renewable pick, with successful track record of asset rotation strategies and a possible increase in the lifetime of assets from 25 years to 30 years.
The broker maintains recommendation but decreases price target to € 9.75, due to the removal of the M&A premium, included in the previous TP.
Société Générale upgrades EDPR to Buy (from Hold) with a new target price of €10.00 as the broker believes that "the new plan will unlock a lot of value".
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.