Barclays downgraded E.ON (EONGY) to Equal Weight from Overweight with an unchanged price target of EUR 15.50. European Utilities still have significant upside potential despite being one of the best performing sectors, the analyst tells investors in a research note. The firm cites E.ON’s share outperformance year-to-date for the downgrade.
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Read More on EONGY:
- E.ON removed from European Conviction List at Goldman Sachs
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- E.ON price target raised to EUR 17 from EUR 16 at Morgan Stanley
- E.ON price target raised to EUR 15.50 from EUR 14 at Deutsche Bank