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Stock impact report

BUZZ-National Grid: Bernstein upgrades on improved outlook, lower risks [Reuters]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Reuters
BUZZ-National Grid: Bernstein upgrades on improved outlook, lower risks - Reuters 1 Min Read ** Shares of the utility firm up ~1.1% at 827.7p after Bernstein upgrades to ‘outperform’ from ‘market perform’ ** Brokerage also raises PT to 950p, implying ~87% upside ** Says upgrades NG on better outlook for US division and lower UK risks ** US unit looks more attractive as higher capex helping growth and returns - Bernstein ** UK business has lower risks due to better regulatory outlook; brokerage no longer sees material downside from nationalisation ** Believes NG’s balance sheet and dividends will continue to be robust ** 12 out of 17 brokerages rate the stock ‘buy’ or higher, 5 ‘hold’; median PT 935p (Reporting by Yadarisa Shabong in Bengaluru) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2019 Reuters. All Rights Reserved. BUZZ-National Grid: Bernstein upgrades on improved outlook, lower risks ** Shares of the utility firm Show less Read more
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