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National Grid Stock Drops Before Results After JPMorgan Cuts Target
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National Grid Stock Drops Before Results After JPMorgan Cuts Target
National Grid shares fell 1.56% to 1,278p in London ahead of full-year results due May 14. JPMorgan cut its price target to 1,440p, citing recent trading updates but kept an “overweight” rating. The company has warned that U.S. customer refunds and storm costs will reduce underlying EPS by about 1p. National Grid’s market value stands near £63.5 billion with a 3.66% dividend yield. The post National Grid Stock Drops Before Results After JPMorgan…
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