The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0914 GMT – Enel’s strategic plan for 2024-26 should be welcomed by the market as financial targets beat expectations, analysts at Citi say in a note. The Rome-based energy company guided for ordinary Ebitda of EUR23.6 billion-EUR24.3 billion and net ordinary income of EUR7.1 billion-EUR7.3 billion, above consensus estimates of EUR22.5 billion and EUR7 billion, respectively. Enel also announced a EUR1.2 billion cost-reduction plan that, according to Citi, should underpin the 9% Ebitda growth over the next three years. “We see this update as a creditable package that ticks boxes across the spectrum and should be positive for Enel shares,” the analysts say. Shares trade 0.4% lower at EUR6.39. ([email protected])