AlphaValue/Baader Europe Lifts Iberdrola Price Target Post H1 Results, Caruna Majority Stake Acquisition

03:59 AM EDT, 07/30/2026 (MT Newswires) -- AlphaValue/Baader Europe raised Iberdrola's (IBE.MC) price target to reflect the Spanish electric utility company's interim results and planned purchase of an 80% stake in Finnish electricity distribution company Caruna for 2 billion euros. "We have therefore incorporated the transaction's impact across our business units and into our DCF. As expected, we have made no material changes to our 2026E EPS estimates," the research firm said Wednesday. "We view the Caruna acquisition as strategically positive, reinforcing Iberdrola's exposure to regulated networks in a premium market while adding a sizeable [regulated asset base] in a stable regulatory environment. While the c.2.0x EV/RAB entry valuation is demanding, we see the deal as supportive of long-term value creation." AlphaValue/Baader Europe raised the add-rated stock's price target by 1.22% to 23.7 euros.