(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ opinion and its target price of 14 euros on E.ON, noting a ‘transitional period of uncertainty on the remuneration of the network’, but judging the client solution activity’ on track for acceleration.
“Pending a more complete review of our model following the announcement of the new regulatory framework and its implications for E.ON which will be communicated in March 2024, we believe that the current trajectory is already sufficiently attractive,” he said.
The design office indicates that it has adjusted its estimates for 2023, which are already at the top of the new range of results provided by the German energy group, but has kept its medium-term expectations unchanged at this stage.
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