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Jefferies upgrades Pennon to 'buy'

By Michele Maatouk

Date: Wednesday 14 Oct 2026

(Sharecast News) - Jefferies upgraded Pennon to 'buy' from 'hold' on Wednesday but cut the price target to 380p from 500p.


It said uncertainty left by the lack of updated return on regulated equity (RoRe) targets after last week's rights issue has seen shares sell off around 20%...

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