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E.ON downgraded to Equal Weight from Overweight at Barclays

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.

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