Scotiabank Maintains Sector Outperform on Enel Chile, Lowers Price Target to $3.9
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tomas Gonzalez maintains a Sector Outperform rating on Enel Chile (NYSE:ENIC) but lowers the price target from $4.4 to $3.9.

October 30, 2024 | 7:09 pm
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Scotiabank has maintained its Sector Outperform rating for Enel Chile but has reduced the price target from $4.4 to $3.9, indicating a more cautious outlook.
The maintenance of a Sector Outperform rating suggests continued confidence in Enel Chile's performance relative to its sector. However, the lowered price target from $4.4 to $3.9 indicates a more cautious outlook, likely due to changes in market conditions or company performance expectations. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100