Iberdrola: Solid H1 results with positive tone shift

Research evidence excerpt

Iberdrola: Solid H1 results with positive tone shift

lso see regulatory risks from potentially lower allowed returns in

upcoming regulatory periods or stricter incentive frameworks. Our price target also reflects various FX rates, in particular the euro vs. the US dollar,

the euro vs. the British pound and the euro vs. the Brazilian real exchange rates, which may fluctuate.

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