UBS remains Buy on the stock, with an unchanged target price of E16, representing a potential upside of 29%.

' Network expansion plans offer investment opportunities of €54 billion over the next 10 years, and €90 billion by 2045.

The group has announced 'a stronger-than-expected 2024-2028 outlook'.

' The 2028E EBITDA target of €1 billion is ahead of expectations. The 5-year investment plan has been improved by 27%. Over the period 2023-2028, E.ON is targeting an underlying EBITDA CAGR of 7% and an EPS CAGR of 6% ' stresses UBS.

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