Repsol: UBS upgrades its recommendation

(CercleFinance.com) - UBS has upgraded its recommendation on Repsol from 'neutral' to 'buy', with a price target raised from 11.
5 to 13 euros, a new target with 10% upside potential for the Spanish energy group's shares.

Pointing out that the share price has not reacted to the improved outlook for 2025, the broker declares that he expects positive surprises regarding results and shareholder returns, thus seeing "the time for a rebound".

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