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Deutsche Bank downgrades Pennon to 'hold', shares slide

By Michele Maatouk

Date: Monday 12 Oct 2026

(Sharecast News) - Pennon tumbled on Monday after Deutsche Bank cut its stance on the stock to 'hold' from 'buy' and slashed the price target to 380p from 550p.
The bank said it still believes there is a high chance of success in Pennon's turnaround, with strong new leadership.

"Successful...

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