Jefferies downgraded EDP Renovaveis (EDRVF) to Hold from Buy with a price target of EUR 8.70, down from EUR 11. The company’s balance sheet “is increasingly stretched,” the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EDRVF:
- EDP Renovaveis price target lowered to EUR 10 from EUR 12 at Morgan Stanley
- EDP Renovaveis price target lowered to EUR 11.10 from EUR 11.30 at Citi
- EDP Renováveis Announces Shareholders Meeting to Discuss Key Strategic Decisions
- EDP Renováveis Announces Capital Increase and Shareholding Structure
- EDP Renováveis Releases 2024 Remuneration Report