Enel, the electricity company, has received a 'Buy' rating from UBS with a target price of 8.25 euros.
According to analyst Gonzalo Sanchez-Bordona, Enel's quarterly results were in line with expectations on an adjusted basis, but the bottom line showed positive surprises. The report, published on November 6, 2024, emphasizes Enel's operational performance, which met market forecasts and indicates stability in its financial health.
The positive surprise on the bottom line suggests potential for growth and investor confidence in Enel's future prospects.