NEW YORK (dpa-AFX) - JPMorgan has raised its price target for Eon from 18.75 to 21.70 euros, maintaining an "Overweight" rating. In a sector review published on Wednesday, analyst Javier Garrido adopted a more bullish stance on European utilities. Following strategy updates from most companies under his coverage, he had already expressed optimism regarding the first quarter. His previous caution concerning the period from the second quarter onwards—stemming from a potential liquefied natural gas (LNG) glut—has been superseded by the conflict involving Iran, which is driving a structural increase in gas and electricity prices. Furthermore, the sector remains attractive due to its defensive qualities. Garrido continues to favor stocks such as SSE and RWE, which offer above-average growth at reasonable valuations. Shares like Engie and Centrica are becoming increasingly attractive, characterized by low valuations and the potential for positive earnings growth surprises. Conversely, he advises against expensive stocks like Fortum, which already price in generous long-term expectations./gl
Original study published: 31.03.2026 / 22:51 / BST First dissemination of original study: 01.04.2026 / 00:15 / BST
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