HeadlinesBriefing favicon HeadlinesBriefing.com

Severn Trent lifts EPS target, Uniper stake cut, PTT upgraded

Wall Street Journal Markets •
×

Severn Trent posted a full‑year profit before interest and taxes that edged 2% above consensus, while adjusted earnings per share topped forecasts by 4%, Jefferies analysts said. The U.K. water utility lifted its 2028 adjusted EPS target to 250 pence from 224 pence, implying a 5% premium to overall market expectations. The upgrade sent the stock 2.6% higher to 3,092 pence today.

German authorities announced they will trim the state’s holding in Uniper from more than 99% to a maximum of 25% plus one share by the end of 2028. The plan follows Berlin’s bailout after Russia’s invasion halted Russian gas imports, leaving the utility exposed. Investors rewarded the move with a 12% significant surge in shares, trading around 54 euros.

Maybank Securities lifted its outlook on Thailand’s PTT, citing a projected 36% jump in gas EBITDA by 2026 and stronger contributions from Thai Oil, PTT Exploration & Production and PTT Global Chemical. The brokerage raised the stock to a buy rating and nudged the price target to 41 baht from 31 baht. PTT shares ticked up 0.7% to 36.75 baht today.