Goldman Sachs downgraded National Grid (NGG) to Neutral from Buy with a 1,389 GBp price target The firm cites valuation for the downgrade as it sees more limited upside post the stock’s recent rally. Goldman sees a more balanced valuation at current share levels.
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Read More on NGG:
- National Grid downgraded to Hold from Buy at Jefferies
- 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