JPMorgan downgraded EDP Renovaveis (EDRVF) to Neutral from Overweight with a price target of EUR 13.20, down from EUR 13.40. The firm cites valuation and concerns that expectations for the capital markets day on 6 November may overestimate the company’s earnings growth.
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Read More on EDRVF:
- EDP Renovaveis downgraded to Neutral from Buy at Citi
- EDP Renovaveis downgraded to Hold from Buy at Deutsche Bank
- EDP Renovaveis downgraded to Equal Weight from Overweight at Morgan Stanley
- EDP Renovaveis upgraded to Overweight from Equal Weight at Barclays
- EDP Renovaveis upgraded to Buy from Hold at Jefferies