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Deutsche Bank analyst James Brand lowered the firm’s price target on E.ON (EONGY) to EUR 14 from EUR 15 and keeps a Buy rating on the shares. Having called time on the rally in October, the firm is upgrading its market relative view back to positive for the sector. European utilities trade at an exceptional discount, with thematic risks overestimated, Deutsche tells investors in a research note on Friday.

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Read More on EONGY:

• E.ON price target lowered to EUR 14 from EUR 15 at Morgan Stanley

• E.ON upgraded to Overweight from Equal Weight at Morgan Stanley

• E.ON price target raised to EUR 16 from EUR 15.50 at JPMorgan