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E.ON AG
EONGY.PKISIN: US2687801033SEDOL: 2113597 |
Rating: SELL |
Target Price: 30.51 USD |
Investment Horizon: 6 to 12 months |
Company News Alert
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On 02 January 2009, E.ON AG’s (EON) common stock achieved our target price, reflecting positive investor reaction to the recent decline in fuel prices. As we believe the common stock has exhausted its upside potential, we are moderating the common stock from a BUY to a HOLD rating. We will reassess the common stock rating for EON after the company announces its FY 2008 results in March 2009. As we expect…
9M 08 Update Report
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E.ON AG’s (EON) revenue and margins exceeded our expectations during 9M 08 given higher than expected electricity production volumes and lower than anticipated fuel expenses. The company’s expansion in emerging energy markets, its increasing focus on renewable energy as well as contributions from its recent acquisitions will support growth in its top-line in the near term. In addition, the company’s robust…
9M 08 News Alert
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E.ON AG (E.ON) reported strong 9M 08 results with revenues exceeding our expectations. However, margins were broadly in line with our estimates during the period. Management has retained its positive outlook for FY 2008, given the robust performance in 9M 08. Going forward, we remain optimistic regarding the company’s fundamentals given its strong presence in European Energy markets and expected benefits to accrue from recent…
Company News Alert
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E.ON AG’s (E.ON) common stock price has declined significantly since our last update report, which we believe primarily reflects weakness in equity markets worldwide....
1H Update Report
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E.ON AG (E.ON) reported strong revenues growth during 1H 08 reflecting healthy growth in revenues from the Central Europe and Nordic segments. However, margins were impacted by rising crude oil prices during the period....
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