Citi Maintains Buy on Repsol With €31 Price Target
Citi’s Alastair Syme maintained a Buy rating on Repsol and set a €31.00 price target. Repsol’s latest quarter ended June 30 showed €18.33 billion revenue and €1.27 billion net profit, up from €13.53 billion revenue and €237 million net profit a year earlier. Insider activity over the past quarter also shifted more toward buying.