Jefferies downgraded National Grid (NGG) to Hold from Buy with an unchanged price target of 1,410 GBp. The firm cites valuation for the downgrade following the stock’s recent re-rating. National Grid’s regulatory catalyst lineup for the rest of the year “appears thin,” the analyst tells investors in a research note.
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Read More on NGG:
- National Grid: Strong Regulatory Backdrop but Limited Near‑Term Catalysts Support Hold Rating
- National Grid price target raised to 1,430 GBp from 1,250 GBp at Deutsche Bank
- National Grid downgraded to Sell from Neutral at UBS
- National Grid: Visible Regulated Growth, Supportive Regulation, and Balance Sheet Strength Underpin Buy Rating
- National Grid price target raised to 1,450 GBp from 1,254 GBp at Goldman Sachs