Naturgy : Upward revision to 2023 guidance, following a better-than-expected Q3 but without any other explanation
>Neutral rating maintained and target price adjusted to € 27.5 (vs € 28.3) - Naturgy has announced, without further explanation or formal communication, an upward revision of its 2023 EBITDA target and has issued an EBITDA guidance for its publication at the end of September, scheduled, according to FactSet, for 8 November (no date officially communicated on the company's website). Consequently, we are revising up our 2023e EPS estimate by 11.6%. Note that the group h...Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).
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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