Top of the Street: SSE, National Grid, Fortum

Fortum Oyj

20/01/2025 11:43

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Citi upgrades SSE  SSE.L  to "neutral" from "sell",
saying some balance sheet risks are now better reflected in the
British power generator and network operator's shares, given
their recent de-rating 
    ** Citi also upgrades National Grid  NG.L  to "buy" from
"neutral" after a period of share price underperformance, saying
it continues to like the UK utility's RAV and earnings growth
profile
    ** Deutsche Bank cuts Finnish utility Fortum  FORTUM.HE  to
"sell" from "hold" citing a "share price disconnect versus
forward curve"

    
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)


 (Reporting by Jagoda Darlak and Mathias de Rozario in Gdansk)
 ((gdansk.newsroom@thomsonreuters.com, +48 58 7696600))