Barclays repeats its equal-weight rating on energy company Fortum with a price target of 21.50 euros, according to a recent analysis.
The bank believes that Finland’s demand that Google pause preparatory work at two data centers primarily represents a timing and perception risk. Barclays sees no threat to Google’s investment of 13 billion dollars or its power purchase agreement with Fortum and would view an excessive decline in Fortum’s share price as a buying opportunity.
