United Utilities upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded United Utilities to Overweight from Neutral with a price target of 1,250 GBp, up from 1,050 GBp. The analyst is turning more positive on the UK water sector for the first time since turning cautious in 2022. The share prices now reflect headwinds including low regulatory visibility, and expectations of less attractive proposed returns compared to electricity networks, the analyst tells investors in a research note.