Barclays downgraded E.ON (EONGY) to Equal Weight from Overweight with an unchanged price target of EUR 15.50. European Utilities still have significant upside potential despite being one of the best performing sectors, the analyst tells investors in a research note. The firm cites E.ON’s share outperformance year-to-date for the downgrade.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EONGY:
- E.ON removed from European Conviction List at Goldman Sachs
- E.ON downgraded to Neutral from Buy at Citi
- E.ON SE’s Earnings Call Highlights Robust Growth and Strategic Focus
- E.ON price target raised to EUR 17 from EUR 16 at Morgan Stanley
- E.ON price target raised to EUR 15.50 from EUR 14 at Deutsche Bank