BUZZ-European Utilities: Buy fossil, wind and selected networks - DB

** Deutsche Bank (IOB: 0H7D.IL - news) presents utility trades for 2018, pointing to large differences between best and worst performers within sector in 2017

** Analysts upgrade National Grid (LSE: NG.L - news) (-0.1 pct) to "hold", United Utilities (LSE: UU.L - news) (+0.8 pct) to "buy" and Red Electrica (+0.3 pct) to "buy" as it sees regulatory and political fears overdone

** Red Electrica (Amsterdam: EL6.AS - news) : Macquarie upgraded on Tuesday

** DB downgrades Italgas (-1.6 pct) to "sell", says strong run leaves stock vulnerable to renewed political risk premium ahead of 2018 Italian election

** DB analysts upgrade Gas Natural (Frankfurt: 38G.F - news) to "buy" seeing it as potential beneficiary of corporate portfolio reshuffling

** DB remains positive on fossil generators (Uniper (Swiss: UNIPE.SW - news) , CEZ & 'key pick' RWE (IOB: 0FUZ.IL - news) ) seeing them as cheap at current share prices

** Analysts say clean market -exposed generators (EDF (Swiss: EDF.SW - news) "sell", Fortum (EUREX: 899736.EX - news) "sell") look expensive given carbon market remaining in excess supply

** DB remains positive on wind developers (Orsted 'buy', Iberdrola (Amsterdam: ID6.AS - news) 'buy', and EDPR with US tax clarity) on existing and near term projects

** DB believes technology-led disruption will accelerate and spread, downgrades Innogy (-2.2 pct) to "hold" on lower retail values and keeps Enel (LSE: 0NRE.L - news) on "hold" given concerns about long-term margin sustainability

** Analysts see terminal decline in profits for supply business of UK retailers Centrica (Frankfurt: A0DK6K - news) and SSE (Amsterdam: UW8.AS - news) (both 'sell')