E.ON: share price rises, UBS reiterates its recommendation
UBS believes that the outlook for 2024-2028 is stronger than expected. The analyst confirms his buy recommendation on the stock, with a target price of E14, representing a potential upside of 19%.
' The 2028E EBITDA target of E1 billion is ahead of expectations. The 5-year investment plan has been improved by 27%. Over the period 2023-2028, E.ON is targeting an underlying EBITDA CAGR of 7% and an EPS CAGR of 6%' stresses UBS.
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