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Deutsche Bank upgrades Pennon to 'hold' from 'sell'

By Michele Maatouk

Date: Friday 31 Jan 2025

(Sharecast News) - Deutsche Bank upgraded Pennon on Friday to 'hold' from 'sell' and lifted the price target to 570p from 490p following the "deeply discounted" rights issue earlier this week.
"The amount of £490m was almost exactly in line with the £500m we anticipated," it said. "However, unlike for National...

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