EDP Renovaveis upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Peter Crampton upgraded EDP Renovaveis (EDRVF) to Overweight from Equal Weight with a price target of EUR 15, up from EUR 9.40. The firm sees further upside potential for the European utilities and turned positive on renewables citing an improving onshore wind and solar outlook. UK is Barclays’ preferred geography.