Stifel upgrades Genel Energy2 Jul 2019 10:12
Stifel upgrades Genel Energy to "buy" from "hold", citing attractive FCF yield. Says growth is attractive, mostly coming from newly-acquired assets held in partnership with Chevron, Sarta and Qara Dagh.
Says the "new Genel" is a better-run business than its predecessor following a wholesale change-out of senior management in recent years.
Stifel raises its target price to 265p from 250p.