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Alpha Finance Raises TERNA And HELEX Target Prices

The Greek brokerage firm ups its TERNA Energy target price from 5.60 euro to 6.00 euro.

“A good start to the year with bottom line boosted by strong margins both at the energy and construction divisions and supportive financial income on €144mn net cash position (26% of current market cap) [...] We are positive and any weakness should be perceived as an opportunity to add, we believe”, the report says.

Furthermore, Alpha Finance  upgrades HELEX to “Outperform” with the target price now being at 10.04 euro from 6.32 euro as the firm has “strong clues that hefty volumes are here to stay”.

“Q1 results positive surprise (+9% vs. Afe, with NBG paving the way) supports our thesis. After a soft start, numbers are really crunching”, Alpha Finance states.
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