RWE: Barclays maintains 'overweight' rating - raises TP
(CercleFinance.com) - Barclays reiterates its "overweight" recommendation on the RWE share, having raised its corresponding target price from 35 euros to 40 euros, to take into account a "higher valuation of future growth pipeline following EUR2bn capital increase".
In its comments on the energy services sector in Europe, the broker considers the underperformance of the RWE and EDF shares "unjustified" since their H1 2020 results.
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