June 14, 2019 / 11:26 AM / in a month

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

** 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below