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Naturgy Energy upgraded to Neutral from Underperform at Exane BNP Paribas

Exane BNP Paribas analyst Manuel Palomo upgraded Naturgy Energy to Neutral from Underperform with a price target of EUR 24.80, up from EUR 22. The company’s “fundamental valuation provides a strong floor” following the share underperformance, the analyst tells investors in a research note.

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