Barclays downgraded United Utilities to Underweight from Equal Weight with a price target of 975 GBp, down from 1,315 GBp. The firm sees deteriorating performance and tough challenges for the UK water group. The water cycle is no longer positive, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UUGRY: