Deutsche Bank downgraded Fortum (FOJCY) to Sell from Hold with a price target of EUR 12, down from EUR 13.50. The firm said in a research note on Friday that it sees stock’s valuation disconnect versus forward curve.
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Read More on FOJCY:
- Fortum price target raised to EUR 14.50 from EUR 11.50 at Berenberg
- Fortum price target lowered to EUR 15.80 from EUR 16 at Morgan Stanley
- Fortum price target lowered to EUR 13.50 from EUR 14 at Barclays
- Fortum initiated with a Market Perform at Handelsbanken
- Fortum price target raised to EUR 14 from EUR 13 at JPMorgan