Utilities: Q1 2013 review, prospects for the rest of 2013, and Top PicksVeolia Environnement (BUY - FV EUR13)
Pennon (BUY - FV 800p)
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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