Ngg stock price sector sentiment is buoyed by long-term

Sector sentiment is buoyed by long-term infrastructure investments. Rising inflation is igniting fresh fears of an economic slowdown, as the upbeat sentiment among millions of Americans continues to fade fast. Consumers who were confident about the economy’s health till a few months back are now doubtful about the future. As such, the Zacks rating upgrade for National Grid is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Investors are factoring in UK grid modernization projects, which could lift earnings forecasts in the energy sector.