Morgan Stanley cuts target for Redeia stock from EUR 16 to EUR 14

Published on 10/20/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit rose 4.00 percent to EUR 280.40 million. Redeia stock costs EUR 14.52 on October 20, 2026 versus EUR 14.00.

Debt costs reshape valuation

On October 19, 2026, Morgan Stanley moved Redeia to Underweight and cut its target.
First-half net profit rose 4.00 percent to EUR 280.40 million in 2026.
Redeia stock trades at EUR 14.52 at 11:17 a.m. CEST at Lang & Schwarz on October 20, 2026.
Redeia's next reporting date is October 28, 2026.

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Redeia (ISIN ES0173093024) was priced at EUR 14.52 at Lang & Schwarz on October 20, 2026 at 11:17 a.m. CEST as Morgan Stanley cut its price target from EUR 16.00 to EUR 14.00. The downgrade moved the recommendation from Neutral to Underweight, according to Merca2 on October 19, 2026.

What does the target cut mean?

The revised target is EUR 2.00 below the previous level, a reduction of 12.50 percent. At EUR 14.52, the stock stood 3.71 percent above Morgan Stanley's new target. The bank linked its more cautious view to higher borrowing costs and bond yields, while XTB reported that the bank also reduced its rating from Neutral to Underweight.

First-half figures provide a counterweight

Redeia's operating picture remained quantitative support for the regulated-network thesis. In the first half of 2026, net profit rose 4.00 percent year over year to EUR 280.40 million, while transmission investment increased 12.00 percent to EUR 631.00 million, according to Quartr. The same summary put EBITDA at EUR 673.00 million, up 5.80 percent, with 91.00 percent generated by regulated activities.

Next reporting date is October 28

Redeia's next scheduled reporting event is its nine-month 2026 results on October 28, 2026. The date appears in the company's investor calendar at Redeia. That release will provide the next test of whether investment growth is translating into earnings while financing costs rise.

Valuation now hinges on financing costs

The analyst split leaves Redeia with a clear valuation tension: regulated earnings and expanding grid investment support the business, while a lower target reflects the cost of funding those assets. The EUR 14.00 target is 3.71 percent below the Lang & Schwarz price, giving the financing debate a concrete market level.

Redeia was trading at EUR 14.52 at Lang & Schwarz on October 20, 2026 at 11:17 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Redeia stock.