Barclays downgraded Centrica (CPYYY) to Equal Weight from Overweight with a price target of 170 GBp, down from 175 GBp. The company is well positioned to “side-step” renewables and benefit from the increasing flex generation need but that further clarity is needed, the analyst tells investors in a research note. The firm cites limited upside to the price target for the downgrade.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPYYY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue