TERRF - Terna: The Italian Power Grid Operator Is A Great Defensive Dividend Stock For Income And Growth
Investment Thesis
Despite a 24% appreciation in its shares compared to a year ago, Terna (TERRF), the Italian power grid operator, continues to offer an attractive investment case for investors seeking income and growth. The regulated nature of its business, combined with its strategic know-how, provide Terna with stability and ample growth prospects in Italy and abroad. The market rally that occurred during the first half of the year has left Terna’s shares a bit rich, yet pessimism regarding the current Italian political landscape and the gloomy economic outlook for Europe could help to reach