E.ON: Berenberg cuts target price
(CercleFinance.com) - On Monday Berenberg cut its target price for the E.
ON share from 9 euros to 8.5 euros, warning investors against a number of headwinds faced by the German electric utility group.
"Tougher network regulation, combined with higher-than-expected debt and ongoing caution about the outlook for retail, curb our enthusiasm for the E.ON investment case," the German broker said in its comments.
Berenberg maintains its "hold" rating on the share.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
ON share from 9 euros to 8.5 euros, warning investors against a number of headwinds faced by the German electric utility group.
"Tougher network regulation, combined with higher-than-expected debt and ongoing caution about the outlook for retail, curb our enthusiasm for the E.ON investment case," the German broker said in its comments.
Berenberg maintains its "hold" rating on the share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.