Morgan Stanley has expressed confidence in PPC’s prospects, initiating coverage of the listed company with an “overweight” rating and a target price of 27 euros.
The target price implies upside potential of approximately 14% compared to the stock’s current trading levels, which stand at 23.7 euros, reflecting the U.S. investment firm’s optimism regarding the group’s medium-term prospects.
Morgan Stanley believes that PPC is well-positioned to capitalize on its investments in renewable energy generation, in its grid infrastructure, and in the modernization of its energy portfolio, while it also views the group’s ability to boost profitability and cash flows positively.
The initiation of coverage by yet another major international investment firm is expected to keep PPC in the spotlight of foreign institutional investors, as the company is among the key choices in the Greek market for those seeking exposure to the energy sector and the energy transition.