EDP : Words and deeds
>Outperform rating and target price of € 6.0 maintained - Following the conference call, which underlined the group’s strength and its ability to weather headwinds and take advantage of the buoyant growth of renewable energies, we maintain our Outperform rating based on the group’s strategy, which is comparable, at its scale, to that of Iberdrola (networks & renewables). In addition, we still see EDP as a possible target for a player seeking to bolster its positions o...EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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