Enel price target raised to EUR 8.40 from EUR 8.30 at Barclays

Barclays raised the firm’s price target on Enel (ENLAY) to EUR 8.40 from EUR 8.30 and keeps an Overweight rating on the shares. The firm says European utilities “remain in the foothills of a super-cycle.” Regulated is now Barclays’ preferred sub-sector and generators earnings “continue to unwind,” the analyst tells investors in a research note. Barclays sees possible upside surprises from balance sheet clarity, low European expectations and capacity payments.