UPDATE: Argus Downgrades National Grid (NGG) to Hold

October 6, 2021 7:02 AM EDT
Get Alerts NGG Hot Sheet
Price: $64.69 --0%

Rating Summary:
    7 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 9 | New: 7
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(Updated - October 6, 2021 7:02 AM EDT)

Argus analyst Gary Hovis downgraded National Grid (NYSE: NGG) from Buy to Hold.

The analyst comments "We are lowering our rating on National Grid plc (NYSE: NGG) to HOLD from BUY, and will drop the stock from our universe of coverage in one month. We continually review the stocks we have under coverage in order to provide research on those that appear most promising to our analysts and that generate the most interest among our clients. After discussion and review, the Argus Investment Policy Committee has concluded that NGG no longer meets these criteria. Our policy is to continue to provide written research on the company for the next 30 days. Retainer clients with consultation privileges may call in and speak to our industry analysts about the firm on an ongoing basis."

For an analyst ratings summary and ratings history on National Grid click here. For more ratings news on National Grid click here.

Shares of National Grid closed at $61.90 yesterday.

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