Morgan Stanley sees selective value in French utilities after bond spread widening
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Morgan Stanley sees a short-term opportunity in French utility Engie into year-end, after French utility shares fell as the gap between French and German government bond yields widened. Before you buy NVIDIA: our AI model's stock picks are beating the market by…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA rating and price target revision on French utilities is relevant but ordinary research flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Morgan Stanley maintains 'overweight' rating on Engie but cuts price target from €31 to €29.
- 02Widening OAT spread (French-German bond yield gap) has weighed on French utility shares.
- 03Morgan Stanley forecasts Engie's 2026 recurring net income in the top half of €4.9-5.5 billion guidance range.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
ENGIE—n/aNeutral Veolia Environnement S.A.30.79 EUR+0.05%today -1.75%Neutral Voltalia S.A.4.77 EUR-0.21%today -2.55%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets