Bernstein increases target price of EDP group by €1

The investment house Bernstein has increased the target price of EDP and EDP Renovaveis by just over €1.

It means that EDP shares are now, in the opinion of the investment house, theoretically worth €1 more to buy for the next 12 months.

Analysts at Bernstein revised their target price for the shares of EDP’s two listed companies on Monday, at a time when the company faces several challenges, particularly regarding investments in the United States.

Source: Negócios

Image: EDP Website