What exactly changed in the February 04, 2026 update?

Citigroup maintained a **Sell** rating for Endesa, S.A. (ELEZY) and raised its price target to **EUR 23.70** from **EUR 20.40**. The firm kept the negative recommendation despite the higher target.

How should investors interpret a maintained Sell with a higher price target?

A maintained Sell with a higher target means the analyst adjusted model assumptions but still sees downside or risk. Investors should weigh the update with dividend yield, sector conditions, and other analysts before acting.

Does this update change ELEZY’s outlook materially?

The update refines valuation inputs but keeps the negative stance, so it does not signal a clear positive turnaround. Review other analyst targets and company fundamentals for broader context.

Where can I read the original analyst note?

The Citigroup note was reported by TheFly on February 04, 2026. Read the item at [TheFly report](https://thefly.com/permalinks/entry.php/id4285060/8364286394/ELEZY-Endesa-price-target-raised-by-EUR--at-Citi).

Analyst Ratings

Citigroup Maintains Sell on Endesa, S.A. (ELEZY) Feb 2026

ByHuzaifa Zahoor February 5, 2026February 5, 2026

Citigroup on February 04, 2026 maintained a Sell rating on Endesa, S.A. (ELEZY) while raising the price target to EUR 23.70 from EUR 20.40. The move appears to reflect revised earnings or cash flow assumptions while Citi keeps a cautious stance on the shares. This ELEZY analyst rating update is the only change reported on the date and ties a higher target to continued downside guidance.