Citi
May 28, 2026
The Point for Europe
Daily UpdateEquitiesMacro Economic IndicatorsRates Govt BondsUtilitiesConsumer Discretionary
Citi Research's daily European summary initiates a Buy on EDP and discusses the challenging BEV transition for Ferrari. The report monitors April car sales growth and tracks luxury goods pricing adjustments across major global markets.
Key Takeaways
- 1.Citi initiates coverage on EDP with a Buy rating, citing rare value and diverse growth drivers in renewables and data centers.
- 2.The transition to Battery Electric Vehicles (BEVs) remains inherently difficult and risky for luxury sports car OEMs like Ferrari.
- 3.European car sales grew 7% YoY in April 2026, yet analysts remain cautious due to a tough macro-backdrop.
Table of Contents
- Top Call
- Must Read
- Company
- Industry
- Strategy & Economics
- Key Rating and Target Price Changes
- Appendix A-1
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Jenny PingHarald C HendrikseAlex Saunders
Securities
EDPRACE.MISHAOn.DEBASFn.DE
Themes
Anything But Auto (ABA)AI as a Net Opportunity
Regions
EuropeNorth AmericaAsia PacificUnited KingdomPortugalBrazil