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Fly News Breaks for September 27, 2018
EONGY
Sep 27, 2018 | 06:19 EDT
RBC Capital analyst John Musk downgraded E.ON to Sector Perform from Outperform and lowered his price target to EUR 9.50 from EUR 10.25. The analyst cites his reduced EBIT forecasts amid "continued regulatory and competitive pressures in the Customer Solutions segment and some marginal lower profitability in networks". While he still expects the company to achieve its FY18 EBIT, Musk also sees continued pressure on consensus estimates.
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