Goldman Sachs upgraded Snam (SNMRF) to Buy from Neutral with a price target of EUR 6.90, up from EUR 6.50, ahead of the company’s Capital Markets Day on March 5. Given the ongoing need to reinforce infrastructure, the firm sees scope for higher core investments across the Italian gas system and views Snam’s discount to regulated peers as “unjustified,” the analyst tells investors.
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 SNMRF: