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Taqa Morocco: BKGR Ups Target to 3078 DH, Reaffirms Buy on Ambitious Green Shift
BMCE Capital Global Research (BKGR) has significantly raised its target price for Taqa Morocco to 3078 DH, reiterating a "Buy" recommendation with a substantial 34% upside potential. This optimistic outlook is fueled by the energy group's ongoing strategic transformation towards a low-carbon, multi-business model and a notable operational recovery in the third quarter of 2025. Despite facing headwinds in the first half of the year, Taqa Morocco is embarking on an ambitious 130 billion DH investment program, aiming to diversify its revenue streams and solidify its position as a regional leader in sustainable energy infrastructure by 2030.