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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>