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.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
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