BofA Securities: Cuts ENN Energy (02688.HK) Target Price to HK$62; Rising Shareholder Returns Expected to Narrow Discount

Zhitong Finance APP has learned that BofA Securities issued a research report stating that ENN Energy's (02688.HK) third-quarter results were weak, but expectations of higher shareholder returns are likely to narrow its discount relative to peers. The "Buy" rating is reiterated, the target price is lowered from HK$63 to HK$62, and the stock remains one of the bank's defensive top picks.