Angelos Anastasiou of Evolution Securities said the strong results for Scottish Power would lead to full year upgrades: "Good figures were expected, but it is not that surprising that excellent figures have been produced, given the current bid talks with Iberdrola."
He added: "The SPW management will not be in a position to make any further comments in the meeting (at 9.30AM today), but we believe that the odds now look heavily in favour of a bid of at least 800p."
He has an "add" recommendation on the shares and a price target of 800p.
Source: The Guardian
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