18.11.2024

RBC rates Tesla 'Outperform' - Target 313 dollars + Enel plans to earn more in the coming years - Dividend increased

The Canadian bank RBC has raised its rating for Tesla $TSLA (-4.58%) to "Outperform" with a price target of 313 US dollars following media reports. In his comments on Monday, analyst Tom Narayan addressed speculation that US regulations on self-driving cars could be relaxed during Donald Trump's administration. This would be a decisive step in the development of the technology and robotaxis in particular, as it would reduce important cost factors. This would be positive for shares.

The Italian energy supplier Enel $ENEL (+0.48%) wants to continue to grow in the future after a good year. In the coming year, Enel expects a net profit of 6.7 to 6.9 billion euros adjusted for special effects, as the company announced on Monday at a capital market day in Milan. This figure is in line with analysts' expectations. Last year, Enel earned 6.5 billion euros on an adjusted basis. For 2027, the energy supplier is aiming for 7.1 to 7.5 billion euros. Adjusted for one-off effects, earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to rise to between 24.1 and 24.5 billion euros by then. Last year, it amounted to just under 22 billion euros. So far, Enel has made noticeable progress with its cost-cutting program. In the first nine months of the current year, adjusted operating profit rose, as already announced, by 6.5 percent compared to the same period last year to around 17.4 billion euros. The shareholders of the energy supplier should also benefit from the positive profit development: Enel would like to propose a higher dividend of €0.46 per share at the next Annual General Meeting. 0.43 per share was distributed for 2023. The minimum dividend is also set to increase from EUR 0.43 to EUR 0.46 between 2025 and 2027.

Monday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

UniCredit EUR 0.93

Intesa Sanpaolo EUR 0.17

ENI EUR 0.25

Equinor NOK 6.48

Walgreens Boots Alliance USD 0.25

Amgen USD 2.25

Chevron Corporation USD 1.63

Quarterly figures / company dates Europe

07:00 Thyssenkrupp Nucera Q4 sales

09:30 Enel Capital Markets Day

18:00 Thyssenkrupp Nucera Trading Statement

Untimed: Vivendi Capital Markets Day

Economic data

00:50 JP: Core machinery orders 9/24

08:00 DE: Building permits

09:15 DE: ECB Vice President De Guindos, speech at Euro Finance Week (10 am panel with Deutsche Bank CEO Sewing and Commerzbank CEO Orlopp)

11:00 EU: Trade Balance September

16:00 US: NAHB Index 11/24

No time given: BR: Start of G20 summit in Rio de Janeiro (until 19/11)