Engie SA upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Peter Crampton upgraded Engie SA (ENGIY) to Overweight from Equal Weight with a price target of EUR 22, up from EUR 19. 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 says Engie’s positive catalysts include the handover of Belgian nuclear fuel provisions to the government, the new 50%/50% joint venture in Belgian nuclear, and strong quarterly results.