RBC Capital analysts raised the price target on E.ON SE (ETR:EONGn) (GR) (EONGY (OTC:EONGY)) to EUR13.25 (from EUR12.75) while maintaining a Sector Perform rating.
The analysts comment: "We update our numbers to reflect a better than anticipated retail performance, whilst networks continue to perform well as E.ON delivers on its capex plan. RBCe sit at the upper end of management guidance for 2024, whilst we sit below consensus for 2025E and 2026E. We maintain a Sector Perform recommendation with a revised PT of €13.25."