Naturgy Energy downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Jose Ruiz downgraded Naturgy Energy to Underweight from Equal Weight with a price target of EUR 25, down from EUR 28. The analyst thinks the share price is likely to lose support from some of the factors that have worked so far, namely its strong earnings momentum during the energy crisis, stock purchases by existing shareholders, and the split proposal.