Italgas downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst James Brand downgraded Italgas ( ITGGF ) to Hold from Buy with a price target of EUR 10.30, up from EUR 10, as part of its 2026 outlook for the European utilities group. The firm cites valuation for the downgrade after doubling in Italgas' share price.

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• Italgas downgraded to Equal Weight from Overweight at Morgan Stanley