Pennon Group's shares fell 10% following Deutsche Bank's downgrade from 'buy' to 'hold' and a price target cut from 550p to 380p. The bank cited challenges including limited guidance, weak returns, and no expected earnings growth, forecasting flat earnings per share through 2029/30. Despite these concerns, Deutsche Bank believes Pennon's new leadership could successfully execute a turnaround, positioning the company better for the 2030-35 regulatory period.
Pennon Group's shares dropped 10% after Deutsche Bank downgraded it to 'hold'. For readers following the Utilities sector, here is Pluang's market snapshot as of Oct 12, 2026 18:12 WIB: out of 30 priced US utilities stocks, 9 rose and 12 fell. Notable prices include NextEra Energy at USD 77.58 with a +0.26% change and a typical hold time of 83 days, Pacific Gas & Electric at USD 13.10 down 0.23% with a 3-day hold time, and Exelon Corporation at USD 41.69 down 0.17%.
Sciens Building Solutions has acquired The Wilkins Company and Scherer Lock & Supply, two Pennsylvania-based firms, to strengthen its fire, life safety, security, and door hardware services in the Northeast US. This marks Sciens' fourth acquisition i...
SBC Medical Group Holdings will present at Cantor Fitzgerald Hong Kong’s inaugural Asia Longevity Forum on October 26, 2026, with CFO Yuya Yoshida speaking on longevity and AI in healthcare. The company will also hold one-on-one investor meetings on ...
Power Solutions International, a leader in emission-certified engines, will release its Q3 2026 earnings on November 5, 2026, after market close. The company will hold a conference call at 5:00 p.m. Eastern time the same day to discuss the results an...
Rezolve AI announced that Arthur Yao, their Group CFO, will participate in the Consumer & Lifestyle Panel at the Maxim Growth Summit 2026 on October 13. The panel will focus on the rise of agentic commerce and its effects on consumer and lifestyle se...
Freshworks Inc. has signed an agreement to acquire Torii, a leader in SaaS and AI spend management, to extend its Freshservice platform. This acquisition aims to provide IT teams with comprehensive visibility and control over software and AI usage, c...
