Aggiornato al 14 novembre 2019

Kepler Cheuvreux
Claudia Introvigne

'"Guidance raised after a solid Q3"

14/11/2019
Raccomandazione
Buy
Banca IMI Gruppo Intesa San Paolo
Davide Candela

'"We positively judge this set of results……We welcome the revision in EBITDA guidance, which growth should be driven by regulated businesses…"

14/11/2019
Raccomandazione
Add
Banca Akros
Emanuele Oggioni

'"9M19 results: positive release, guidance revised up"

14/11/2019
Raccomandazione
Accumulate
Equita
Stefano Gamberini

'"EBITDA 3Q19 in linea con le stime…."

14/11/2019
Raccomandazione
Hold
Fidentiis
Dario Michi

'"Another sound increase YoY"

14/11/2019
Raccomandazione
Hold
Main First Bank AG
Enrico Bartoli

'"Upside pressure to estimates is continuing…..In our opinion the value creation driven by investment opportunities in water and electricity distribution is not fully priced-in…..."

13/11/2019
Raccomandazione
Outperform
Mediobanca
Javier Suarez, Sara Piccinini

'"We believe that Acea's valuation continues to be surprisingly low (2019 EV/EBITDA of <7x) for a vehicle that is highly regulated, has a very decent Balance Sheet and the possibility to expand its core business, while maintaining a good dividend profile....""

13/11/2019
Raccomandazione
Outperform
Intermonte
Federico Pezzetti

'"…No significant risks in water regulation, solid performance in electricity distribution confirmed...."

06/09/2019
Raccomandazione
Neutral