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Naturgy Energy upgraded to Neutral from Underweight at JPMorgan

JPMorgan upgraded Naturgy Energy (GASNY) to Neutral from Underweight with an unchanged price target of EUR 25. The shares have underperformed by 14% versus the European utilities index year-to-date and “should enjoy strong earnings momentum” through 2026 thanks to “buoyant” gas prices in Europe, the analyst tells investors in a research note.

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