From Seekingalpha · · 30s
Engie Q3 Earnings Boost
Engie's Q3 earnings growth lifts stock to Buy rating.
In brief
Engie's Q3 earnings growth lifts stock to Buy rating. Engie shares rise after Q3 organic EBIT growth hits 10.9% and analysts upgrade to Buy. Originally reported by Seekingalpha.
Q3 Earnings Growth
Engie shares declined 10% since last review but Q3 organic EBIT growth accelerated to 10.9%.
Full-Year Guidance
Management expects full-year earnings toward the upper end of guidance with infrastructure representing 43% of core operating profit.
Rating Upgrade
Analysts upgrade Engie to Buy, supported by stronger earnings prospects and a dividend yield above 5%.
What matters most
Engie shares rise after Q3 organic EBIT growth hits 10.9% and analysts upgrade to Buy.
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