Utilities: Q1 2013 review, prospects for the rest of 2013, and Top Picks

Veolia Environnement (BUY - FV EUR13)
Pennon (BUY - FV 800p)
News published on April Friday 12, 2013
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As 2013 is set to remain ruled by macro concerns, we have a preference for undervalued stocks, with significant potential positive catalysts.

  •                  In this context, Veolia Environnement (BUY - FV EUR13) remains on our top pick list.
  •                  Pennon (BUY - FV 800p) is our second top pick in the sector, following the recent share price weakness and backed by a very attractive company profile.

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