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JPMorgan resumes coverage on Drax with 'overweight' rating

By Michele Maatouk

Date: Friday 21 Aug 2026

(Sharecast News) - JPMorgan resumed coverage on Drax on Friday with an 'overweight' rating following a period of restriction, with a 960p price target that implies 33% upside potential.
The bank said Drax has been utilising its balance sheet capacity to invest in new assets and businesses. JPM estimates that around...

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