RBC Capital analyst Fernando Garcia downgraded Endesa (ELEZY) to Underperform from Sector Perform with a price target of EUR 25.50, down from EUR 26.50. The company is overvalued relative to peers as its electricity and gas margins are likely to normalize from the current record levels, the analyst tells investors in a research note.
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Read More on ELEZY:
- Endesa downgraded to Neutral from Overweight at JPMorgan
- Endesa price target raised to EUR 27 from EUR 26 at Morgan Stanley
- Endesa S.A. Reports Strong Profit Growth Amidst Renewable Expansion
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- Endesa downgraded to Equal Weight from Overweight at Barclays