Enel : A cautious strategic plan, in line with our expectations
>Outperform rating and target price of € 9.60 reiterated - The new management team’s first strategic plan is in line with our expectations, with regards to the continuation of its geographical refocus, the putting in place of additional efficiency measures (€ 1.2bn announced) which should provide further support to the new more resilient profile that stems from the financial restructuring that began in 2022. Lastly, confirmation of the resumption of a dividend policy ...Enel Societa Per Azioni is engaged in the generation and sale of electricity through its Generation, Energy Management and Sales Italy Division. Co. is also engaged in the distribution of electricity (Enel Distribuzione) and public and artistic lighting (Enel Sole) in Italy through its Infrastructure and Networks Division. Co.'s Iberia and Latin America Division coordinates Co.'s operations in the electricity and gas markets in Spain, Portugal and Latin America. Co.'s Engineering and Research Division manages the engineering processes related to the development and construction of power plants. Co.'s other divisions are the International Division as well as the Renewable Energy Division.
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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