03:59 AM EDT, 07/30/2026 (MT Newswires) -- AlphaValue/Baader Europe raised Iberdrola's (IBE.MC) price target to reflect the Spanish electric utility company's interim results and planned purchase of an 80% stake in Finnish electricity distribution company Caruna for 2 billion euros. "We have therefore incorporated the transaction's impact across our business units and into our DCF. As expected, we have made no material changes to our 2026E EPS estimates," the research firm said Wednesday. "We view the Caruna acquisition as strategically positive, reinforcing Iberdrola's exposure to regulated networks in a premium market while adding a sizeable [regulated asset base] in a stable regulatory environment. While the c.2.0x EV/RAB entry valuation is demanding, we see the deal as supportive of long-term value creation." AlphaValue/Baader Europe raised the add-rated stock's price target by 1.22% to 23.7 euros.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.