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Drax powers ahead after Citi upgrade to 'buy'

By Michele Maatouk

Date: Wednesday 03 Dec 2025

(Sharecast News) - Citi upgraded Drax on Wednesday to 'buy' from 'neutral' and lifted the price target to 850p from 689p as it pointed to limited downside risk.
"Whilst we remain inherently sceptical of biomass as an economically viable, clean and sustainable technology, the signed government CFD extension to 2031 has...

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