The analyst believes that Enel's Q4 2023 results were in line with expectations. UBS reiterates its buy recommendation on the stock and leaves its target price at E7.55, representing a potential upside of 24%.

' Management was confident about growth from 2024 onwards, and suggested an improvement in shareholder remuneration this year, in line with the November 2023 plan' stresses UBS.

In 2026, Group Ordinary EBITDA is expected to rise to between E23.6 and E24.3 billion, and Group Net Ordinary Revenue to increase to between E7.1 and E7.3 billion.

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