Why did Iberdrola stock rise on 9 October?
Written after the close on
Iberdrola +0.71% · IBEX 35 +0.55%
Iberdrola rose clearly as Goldman and Deutsche Bank upgrades lifted the stock. Over the last five trading days Iberdrola rose clearly while the IBEX 35 was roughly unchanged, so it outpaced its home market. A broker upgrade is simply a research house raising its target or rating, which often draws buyers. Watch the late-October earnings report next.
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