BUZZ-Enel tracks best day in 4 yrs on 2026-28 investment, dividend plans

-0.82%

JPMorgan Chase & Co.

JPM

286.36

-0.82%

** Enel ENEI.MI shares rise over 5% after Italy's biggest utility announced plans for investments of 53 billion euros ($62.64 billion) by 2028

** The state-controlled group also targets an absolute dividend per share CAGR of 6% for the 2026-28 period

** Enel's dividend policy is now an "absolute growth policy" and should reduce the risk profile for long-term investors, J.P. Morgan notes

** The 2028 EPS target of 0.80-0.82 euros shows that Enel could "digest" the impact of the Italian power market reform if implemented, the broker adds

** Overall, Enel's 2026-2028 plan is positive thanks to higher expected EPS and dividend growth, brokerage Equita adds

** The stock, which is among best performers on STOXX 600 index .STOXX on Monday, is heading for its best day in 4 years if gains hold

($1 = 0.8462 euros)

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