Repsol: Morgan Stanley upgrades stock
(CercleFinance.com) - On Friday, Morgan Stanley upgraded Repsol shares from 'underweight' to 'equal weight', with a target price raised from E11.
7 to E13.4.
The broker points out that the Spanish energy group has unveiled a better-than-expected earnings outlook for 2025, along with share buybacks.
The analyst explains this good performance by the better-than-expected contribution of its downstream activities, leading him to raise his forecasts for the division.
Morgan Stanley adds that the share's valuation is undemanding, with an FCF yield of around 5.5%, among the lowest in the sector.
Conversely, the distribution yield is around 12.4%, in the upper quartile of the sector, concludes the professional.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 to E13.4.
The broker points out that the Spanish energy group has unveiled a better-than-expected earnings outlook for 2025, along with share buybacks.
The analyst explains this good performance by the better-than-expected contribution of its downstream activities, leading him to raise his forecasts for the division.
Morgan Stanley adds that the share's valuation is undemanding, with an FCF yield of around 5.5%, among the lowest in the sector.
Conversely, the distribution yield is around 12.4%, in the upper quartile of the sector, concludes the professional.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.