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RBC keeps Iberdrola at Sector Perform and 20 euro price target

The Canadian bank RBC reaffirms Iberdrola with a Sector Perform rating and a 20 euro price target. RBC warns that consensus has not yet fully factored in the impact of normalization in power prices and hydropower production in 2027–2028 on earnings. A raised earnings estimate for 2026 is already priced into the current share price. » Plus sur finanzen.net