Morgan Stanley downgraded Iberdrola (IBDRY) to Equal Weight from Overweight with a price target of EUR 14.50, down from EUR 15. The firm cites valuation for the downgrade following the stock’s 17% outperformance versus the sector in the last 12 months.
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Read More on IBDRY:
- Limited Near-Term Upside for Iberdrola: Hold Rating Amidst High Valuation and Sector Outperformance
- Iberdrola Reports Strong 2024 Earnings Growth
- IBDRY Upcoming Earnings Report: What to Expect?
- Iberdrola price target raised to EUR 9.70 from EUR 9.60 at Citi
- Iberdrola price target lowered to EUR 13.30 from EUR 13.50 at JPMorgan
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