Citi analyst Piotr Dzieciolowski upgraded E.ON to Buy from Neutral with a EUR 12.70 price target. Following a volatile period during the energy crisis, E.ON should experience positive trends in supply margins mainly given falling procurement costs and in networks gradually repricing higher rates into regulatory returns, the analyst tells investors in a research note.
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>>