Enel : Good H1, 2023 guidance confirmed and strategic update expected
>Outperform rating and target price of € 9.6 maintained - The publication of H1 2023 results that were slightly higher than expected confirmed the return to more normal business conditions. The confirmation of the 2023 guidance is excellent news. We maintain our Outperform rating and target price of € 9.60 still based on the average of a DCF (€ 9.05) and a NAV calculation (€ 10.20). FY 2023 confirms the return to an operational profile in line with the past. But marke...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.
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