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Fly News Breaks for July 23, 2019
NGG
Jul 23, 2019 | 07:08 EDT
Deutsche Bank analyst James Brand upgraded National Grid to Buy from Hold with a price target of 890 pounds, up from 840 pounds. The shares now look attractive, notwithstanding continued U.K. political uncertainty, Brand tells investors in a research note. Falling bond yields and strengthened earnings growth expectations leave scope for further European utility sector multiple expansion, adds the analyst.
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