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   <title>Goldman Sachs Upgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Buy</title>
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   <description>&lt;p&gt;Goldman Sachs analyst Alberto Gandolfi upgraded EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) from Neutral to Buy with a price target of EUR17.50 (from EUR15.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade EDPR to Buy (from Neutral) with a new PT of €17.5/sh (was €15/sh) for three reasons: US renewable activities account for c.65% of the business, and we believe the market underestimates the outlook on industry returns (project IRRs at c.10-11% on GSe and as recently estimated by the main US developers), which we expect could remain the highest in US RES history for another 3-5 years.&lt;/p&gt;&lt;p&gt;We see major upside vs Visible Alpha</description>
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   <title>Goldman Sachs Upgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Buy</title>
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   <description>&lt;p&gt;Goldman Sachs analyst Alberto Gandolfi upgraded EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) from Neutral to Buy with a price target of EUR17.50 (from EUR15.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade EDPR to Buy (from Neutral) with a new PT of €17.5/sh (was €15/sh) for three reasons: US renewable activities account for c.65% of the business, and we believe the market underestimates the outlook on industry returns (project IRRs at c.10-11% on GSe and as recently estimated by the main US developers), which we expect could remain the highest in US RES history for another 3-5 years.&lt;/p&gt;&lt;p&gt;We see major upside vs Visible Alpha</description>
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   <title>Goldman Sachs Upgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Buy</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Goldman+Sachs+Upgrades+EDP+Renovaveis+SA+%28EDPR%3ALI%29+%28EDRVF%29+to+Buy/26631566.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Alberto Gandolfi upgraded EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) from Neutral to Buy with a price target of EUR17.50 (from EUR15.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade EDPR to Buy (from Neutral) with a new PT of €17.5/sh (was €15/sh) for three reasons: US renewable activities account for c.65% of the business, and we believe the market underestimates the outlook on industry returns (project IRRs at c.10-11% on GSe and as recently estimated by the main US developers), which we expect could remain the highest in US RES history for another 3-5 years.&lt;/p&gt;&lt;p&gt;We see major upside vs Visible Alpha</description>
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   <title>Goldman Sachs Upgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Buy</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Goldman+Sachs+Upgrades+EDP+Renovaveis+SA+%28EDPR%3ALI%29+%28EDRVF%29+to+Buy/26631566.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Alberto Gandolfi upgraded EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) from Neutral to Buy with a price target of EUR17.50 (from EUR15.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade EDPR to Buy (from Neutral) with a new PT of €17.5/sh (was €15/sh) for three reasons: US renewable activities account for c.65% of the business, and we believe the market underestimates the outlook on industry returns (project IRRs at c.10-11% on GSe and as recently estimated by the main US developers), which we expect could remain the highest in US RES history for another 3-5 years.&lt;/p&gt;&lt;p&gt;We see major upside vs Visible Alpha</description>
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   <title>Goldman Sachs Upgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Buy</title>
   <link>http://www.streetinsider.com/Upgrades/Goldman+Sachs+Upgrades+EDP+Renovaveis+SA+%28EDPR%3ALI%29+%28EDRVF%29+to+Buy/26631566.html</link>
   <description>&lt;p&gt;Goldman Sachs analyst Alberto Gandolfi upgraded EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) from Neutral to Buy with a price target of EUR17.50 (from EUR15.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade EDPR to Buy (from Neutral) with a new PT of €17.5/sh (was €15/sh) for three reasons: US renewable activities account for c.65% of the business, and we believe the market underestimates the outlook on industry returns (project IRRs at c.10-11% on GSe and as recently estimated by the main US developers), which we expect could remain the highest in US RES history for another 3-5 years.&lt;/p&gt;&lt;p&gt;We see major upside vs Visible Alpha</description>
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   <title>Goldman Sachs Upgrades EDP Renovaveis SA (EDPR:LI) (EDRVF) to Buy</title>
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   <description>&lt;p&gt;Goldman Sachs analyst Alberto Gandolfi upgraded EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) from Neutral to Buy with a price target of EUR17.50 (from EUR15.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade EDPR to Buy (from Neutral) with a new PT of €17.5/sh (was €15/sh) for three reasons: US renewable activities account for c.65% of the business, and we believe the market underestimates the outlook on industry returns (project IRRs at c.10-11% on GSe and as recently estimated by the main US developers), which we expect could remain the highest in US RES history for another 3-5 years.&lt;/p&gt;&lt;p&gt;We see major upside vs Visible Alpha</description>
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   <title>EDP Renovaveis SA (EDPR:LI) (EDRVF) PT Raised to EUR14.10 at UBS</title>
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   <description>UBS analyst Gonzalo Sanchez-Bordona raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.10  (from EUR13.50) while maintaining a Neutral rating.</description>
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   <description>UBS analyst Gonzalo Sanchez-Bordona raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.10  (from EUR13.50) while maintaining a Neutral rating.</description>
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   <title>EDP Renovaveis SA (EDPR:LI) (EDRVF) PT Raised to EUR14.10 at UBS</title>
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   <description>UBS analyst Gonzalo Sanchez-Bordona raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.10  (from EUR13.50) while maintaining a Neutral rating.</description>
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   <title>EDP Renovaveis SA (EDPR:LI) (EDRVF) PT Raised to EUR14.10 at UBS</title>
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   <description>UBS analyst Gonzalo Sanchez-Bordona raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.10  (from EUR13.50) while maintaining a Neutral rating.</description>
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   <title>EDP Renovaveis SA (EDPR:LI) (EDRVF) PT Raised to EUR14 at Deutsche Bank</title>
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   <description>Deutsche Bank analyst Olly Jeffery raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.00  (from EUR13.50) while maintaining a Hold rating.</description>
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   <title>EDP Renovaveis SA (EDPR:LI) (EDRVF) PT Raised to EUR14 at Deutsche Bank</title>
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   <description>Deutsche Bank analyst Olly Jeffery raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.00  (from EUR13.50) while maintaining a Hold rating.</description>
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   <description>Deutsche Bank analyst Olly Jeffery raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.00  (from EUR13.50) while maintaining a Hold rating.</description>
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   <title>EDP Renovaveis SA (EDPR:LI) (EDRVF) PT Raised to EUR14 at Deutsche Bank</title>
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   <description>Deutsche Bank analyst Olly Jeffery raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR14.00  (from EUR13.50) while maintaining a Hold rating.</description>
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   <description>Citi analyst Jenny Ping raised the price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF) to EUR16.50  (from EUR13.50) while maintaining a Buy rating.</description>
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   <description>&lt;p&gt;RBC Capital analyst Fernando Garcia reiterated an Outperform rating and EUR16.50 price target on EDP Renovaveis SA (EDPR:LI) (OTC: EDRVF).&lt;/p&gt;</description>
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