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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