E.ON upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Vincent Ayral upgraded E.ON to Overweight from Neutral with a price target of EUR 13, up from EUR 10.50. With "stabilized rates and both leverage and bad debt risks under control," E.ON has entered a phase of earnings upgrades over coming months and years, creating upside to the current share price, the analyst tells investors in a research note.