Spanish stocks - Factors to watch on Sept 14 (updated)
14/09/2021 07:48
(Adds Iberdrola, Endesa and Naturgy)
Sept 14 (Reuters) - The following Spanish stocks may be
affected by newspaper reports and other factors on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch
for their accuracy:
IBERDROLA IBE.MC , ENDESA ELE.MC and NATURGY NTGY.MC :
The Spanish government will cap gas prices, cut taxes and
redirect energy company profits as part of a package to bring
down soaring electricity prices, Prime Minister Pedro Sanchez
said in an interview on Monday.
Sanchez said redirected profits from the utilities would be
used to cap gas prices and bring down energy costs for
consumers. He did not give any further details on how this would
work.
This proposal is less negative for the sector than the
initial draft presented in the beginning of June, according to
broker JBCapital. urn:newsml:reuters.com:*:nL1N2QF2AC
SOLTEC SOLPW.MC
The company said on Tuesday its subsidiary Soltec Energias
Renovables signed a contract to supply solar trackers for two
photovoltaic plants in Colorado (United States) with a 700-MW
installed capacity. urn:newsml:reuters.com:*:nFWN2QG05O
ACS ACS.MC
ACS's Australian subsidiary CIMIC CIM.AX , in a joint
venture with Downer, has been awarded a contract worth a total
of 1.18 billion Australian dollars ($865.41 million) to upgrade
a section of a Sydney highway, Spanish newspaper Expansion
reported on Tuesday.
NICOLAS CORREA NEA.MC
The company has won Navantia's tender to install a major
machining centre at the Cartagena Engine Factory for the
manufacture of the Spanish army frigate F-110, Spanish newspaper
Cinco Dias reported on Tuesday.
INDITEX ITX.MC
Jefferies upgraded the company to "buy" from "hold" and
raised its target price to 35 euros ($41.34) from 31 euros.
urn:newsml:reuters.com:*:nFWN2QF0KS
UNICAJA UNI.MC
Berenberg raised its target price to 1.10 euro from 0.80
euros. urn:newsml:reuters.com:*:nFWN2QF0IK
TECNICAS REUNIDAS TRE.MC
JP Morgan downgraded the company's shares to "neutral" from
"overweight" and cut its target price to 9.50 euros from 15.20
euros. urn:newsml:reuters.com:*:nFWN2QF0VR urn:newsml:reuters.com:*:nFWN2QF10X
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($1 = 0.8467 euros)
($1 = 1.3635 Australian dollars)
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