Canaccord starts Abengoa Yield at Buy, raises Abengoa target to $44

Abengoa Yield (ABY) receives an Outperform rating from Canaccord, which initiates coverage of the energy and utility company with a price target of $49/share.

ABY offers a differentiated growth platform, optimization of cash dividends (target payout is 90%), and benefits from its relationship with Abengoa - a key differentiator vs. other yieldcos, the firm says.

Canaccord also raises its price target for Buy-rated Abengoa (ABGB) to $44 from $28, viewing the goal of positive free cash flow in 2014 as very achievable, while a debt re-rating also looms as a potential catalyst enabling accretive refinancing (

From other sites
Comments (1)
    , contributor
    Comments (2) | Send Message
    Being EU based does anyone know if the shares in Europe differ in some way to U.S. I know of 2 for 1 . Is there other differences.
    8 Jul 2014, 06:19 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs