Barclays Lifts Redeia Rating, Price Target Post Negative Catalyst Conversions

05:41 AM EST, 01/05/2026 (MT Newswires) -- Barclays upgraded Redeia's (RED.MC) rating to equal weight from underweight, while the Spanish electricity transmission system operator's price target was increased to 15 euros from 14 euros on Monday. "Following the disappointing [National Markets and Competition Commission] returns proposals... the key negative catalysts driving our Underweight rating have now converted," the note said. "We now see a more balanced risk/ reward outlook for Redeia and upgrade the stock to Equal Weight, given our view of greater downside elsewhere." The research firm expects a 4.1% compound annual growth in Redeia's EPS from 2025 to 2030. Aside from forecasting a 7.9% jump in its regulatory asset base between 2026 and 2031, analysts also expect the company's strategic plan update in the 2026 first-half to provide visibility on growth evolution in the next regulatory period.