Citi analyst Jenny Ping upgraded National Grid (NGG) to Buy from Neutral following a period of share price underperformance, mostly driven by macro factors and flows. As the firm highlighted when it downgraded the name to Neutral, Citi continues to like the company’s RAV and earnings growth profile, which is largely underpinned by investments with political and regulatory support, and that the firm would have no hesitation to step back into the shares should there be any unjustified selloff given these strong fundamentals. Citi is now stepping back in.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGG:
- National Grid Announces Voting Rights and Capital Update
- National Grid Announces Scrip Dividend Scheme for 2024/25
- National Grid Announces Voting Rights and Executive Share Transactions
- National Grid Unveils Ambitious £35 Billion RIIO-T3 Business Plan
- National Grid Updates Voting Rights and Executive Share Purchases
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue