E.ON upgraded to Outperform from Market Perform at Bernstein

Bernstein analyst Deepa Venkateswaran upgraded E.ON to Outperform from Market Perform with a price target of EUR 15 on the back of valuation, improving regulatory framework and strong networks growth. Germany is accelerating electricity distribution investments and E.ON being the largest player with 32% market share is best positioned to capture the growth, the firm argues.