Jefferies upgraded Genel Energy to Buy from Hold with a price target of 100 GBp, up from 85 GBp. The analyst sees re-opening risk as oversold, and says the company’s solid balance sheet with net cash will remain above $100M throughout 2024 supported by local sales, even if exports do not restart.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>