Barclays upgraded United Utilities (UUGRY) to Equal Weight from Underweight with a price target of 1,200 GBp, up from 975 GBp. The firm expects Ofwat to increase allowed returns slightly, which it says should benefit already-strong water names.
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 UUGRY:
- United Utilities downgraded to Hold from Buy at Jefferies
- United Utilities (UUGRY) Announces Q1 Dividend: Save the Dates!
- United Utilities upgraded to Buy from Hold at Deutsche Bank
- United Utilities price target raised to 1,175 GBp from 1,150 GBp at RBC Capital
- United Utilities upgraded to Outperform from Neutral at Exane BNP Paribas