Centrica backed by top investment bank despite earnings downgrade

  • Centrica PLC's (LSE:CNA)  outlook remains attractive despite a weaker trading update last week, according to JP Morgan, which reiterated its “overweight” rating and highlighted upside potential from disciplined capital allocation. In a note to clients, analyst Pavan Mahbubani said the investment case for the British Gas owner remains intact, even as 2025 earnings expectations come under pressure.