0857 GMT - United Utilities should outperform over the coming years after holding its guidance for fiscal 2027, J.P. Morgan analysts Pavan Mahbubani and Samanvitha Theegela write. The U.K. water company is performing in line with expectations and is on track to deliver 2 billion pounds of investment next year. The analysts see a backdrop of "attractive, inflation-linked regulation" to outperform in the medium term, but say fiscal 2026 lacks positive catalysts to drive a re-rating in the share price. JPM holds a neutral rating on the stock and a 14.50 pound price target. Shares are 0.7% higher at 14.08 pounds and 18% higher over the year to date.