Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Endesa (ELE.MC)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (€)	Price Target (€)	Rating
2022-03-30	19.32	23.95	Buy
2022-10-24	15.32	19.25	Buy
2023-01-17	18.77	20.50	Buy
2023-05-17	19.86	21.90	Buy
2023-10-26	17.87	20.40	Buy
2023-11-29	19.10	21.35	Buy
2024-02-23	16.73	19.75	Buy
2024-03-15	16.32	19.20	Buy
2024-06-07	18.44	19.60	Neutral
2024-12-12	20.61	21.40	Neutral
2025-04-29	26.27	25.20	Neutral
2025-05-07	26.64	25.60	Neutral

Disclosures

UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.