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Repsol’s Bold Dividend Move: What’s Next?

Morgan Stanley reiterates its positive rating on Repsol SA, emphasizing the potential impact of the upcoming strategy update on share price performance. The investment bank predicts higher dividends and dividend growth but acknowledges uncertainties surrounding the stock's reaction. Investors eagerly await the strategy update on February 22, 2024, to gain clarity on Repsol's future shareholder distribution plans.

by Mark Eisenberg
Sat, Feb 17, 2024 8:28am
in Business
• 2 mins read
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Repsol's Bold Dividend Move: What's Next? | FinOracle

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Morgan Stanley Reiterates Overweight Rating on Repsol SA

On Friday, investment bank Morgan Stanley reaffirmed its positive stance on Repsol SA, stating that the energy company's upcoming strategy update could have a significant impact on its share price performance. Morgan Stanley, which has an "Overweight" rating on Repsol, set a price target of EUR 17.50 for the stock.

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