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JPMorgan resumes coverage of Drax at 'overweight'
By Michele Maatouk
Date: Friday 04 Jul 2025
(Sharecast News) - JPMorgan Cazenove resumed coverage of Drax on Friday with an 'overweight' rating and 1,000 price target after a period of restriction.
The bank said its analysis continues to support its view that the company is "well positioned to create value as intermittency increases in the UK power grid".
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