Citi analyst Kate O’Sullivan downgraded Neste (NTOIY) to Neutral from Buy with a EUR 16 price target The firm says Neste’s de-rating has been consistent with its degrading profitability as a downturn in biofuel margins has been compounded by operational downtime.
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Read More on NTOIY:
- Neste upgraded to Neutral from Underweight at JPMorgan
- Neste price target lowered to EUR 18 from EUR 19 at RBC Capital
- Neste downgraded to Neutral from Outperform at Grupo Santander
- Neste price target lowered to EUR 17 from EUR 18 at JPMorgan
- Neste downgraded to Equal Weight from Overweight at Morgan Stanley