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Fly News Breaks for February 20, 2020
NGG
Feb 20, 2020 | 06:10 EDT
HSBC analyst Adam Dickens downgraded National Grid to Hold from Buy with a GBp 1,075 price target, up from GBp 970. The analyst expects the RIIO 2 regulatory review to weigh on the stock during 2020 and sees a short-term lack of visibility on decarbonization. His downgrade reflects valuation following the recent rally.
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