EDF downgraded to Hold from Buy at Kepler Cheuvreux
Kepler Cheuvreux analyst Juan Rodriguez downgraded EDF to Hold from Buy with a EUR 12 price target.
EDF downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Peter Crampton downgraded EDF to Equal Weight from Overweight with a price target of EUR 12, up from EUR 11.10. The analyst cites the planned nationalization at EUR 12 per share for t
EDF upgraded to Overweight from Underweight at JPMorgan
JPMorgan analyst Vincent Ayral double upgraded EDF to Overweight from Underweight with a price target of EUR 12, up from EUR 7.60. The analyst believes the government nationalization could be done thr
EDF downgraded to Reduce from Add at AlphaValue/Baader
AlphaValue/Baader downgraded EDF to Reduce from Add.
EDF downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Meike Becker downgraded EDF to Market Perform from Outperform with a price target of EUR 8.50, down from EUR 14.50. The analyst now expects the company's EBITDA to drop in 2022 with
EDF downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Rob Pulleyn downgraded EDF to Equal Weight from Overweight with a price target of EUR 10, down from EUR 18. The analyst believes risks outweigh potential positives, citing "low
EDF price target lowered to EUR 13.70 from EUR 17 at Barclays
Barclays analyst Dominic Nash lowered the firm's price target on EDF to EUR 13.70 from EUR 17 and keeps an Overweight rating on the shares.
EDF downgraded to Hold from Buy at HSBC
HSBC analyst Adam Dickens downgraded EDF to Hold from Buy with a price target of EUR 10, down from EUR 15.10. The analyst says the company's visibility "is lacking" after the French government said it
EDF downgraded to Underperform from Buy at BofA
BofA double downgraded EDF to Underperform from Buy with a EUR 7.60 price target.
European natural gas and electricity prices both rose by more than 20%, both reaching record highs.
Europe's energy crisis this year poses a threat to economic recovery, with natural gas and electricity prices both hitting record highs. Prices soared more than 20% on Tuesday after Russia restricted natural gas shipments to Europe, forcing France, usually a power exporter, to import more electricity and burn oil to maintain power. Rising prices have also forced some companies to close or limit production, while eurozone inflation surged to an all-time high last month. The energy crunch comes as omicron mutants spread across Europe, worsening the region's economic outlook. Rising prices also make the supply chain less effective.