Verbund : Market prices lower than expected. Rating downgraded to Neutral
>Nice stock market performance over the last six months - Verbund’s market showing over the last six months puts the stock among the best performers in the DJ Stoxx Utilities index, with close to 15% vs 2.6% for the index. The prospect of tighter price conditions over the winter in connection with an unstable geopolitical situation helped underpin bullish expectations on energy prices. In the last few weeks, however, the trend has weakened in the energy market, with a...Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial 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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