Iren rises after Kepler upgrade to 'buy' on attractive upside

Iren

22/07/2026 08:43

** Kepler Cheuvreux raises Iren IREE.MI to "buy" from "hold" and ups the PT by 3.4% to €3 ($3.42), as it says the Italian utility company is trading at cheap multiples with an attractive upside 
** Iren's stock is up 3.5% against a broadly flat Italian all-share index .FTITLMS 
** Kepler notes that due to the recent weakness of the share price Iren's stock holds more upside, offering a generous dividend yield and good diversification among regulated and merchant businesses
** The brokerage expects a neutral release on Q2 results, due on July 30, in line with the group's guidance and its estimates, as management already flagged it sees more yearly growth in H2
** Out of 5 analysts covering the company, 4 rate the stock "buy" and one rates it "hold" - LSEG data


($1 = 0.8765 euros)

 (Reporting by Anna Uras)
 ((anna.uras@thomsonreuters.com))