RWE: shares up after broker raises target
(CercleFinance.com) - Shares of German utility group RWE are up on Monday after UBS raised its target price for the share from 20.
5 euros to 24.5 euros.
The broker - which has a "buy" rating on the share - wrote in a note to clients that the "transformational" innogy deal has not yet been priced in, and that coal risks can be managed.
"We see 20% potential return despite strong performance year to date - growth and cashflow upsides from wind & solar continue to be under-valued in our view," it said.
The shares are currently up 0.7% at 21.2 euros on Monday morning in Frankfurt.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 euros to 24.5 euros.
The broker - which has a "buy" rating on the share - wrote in a note to clients that the "transformational" innogy deal has not yet been priced in, and that coal risks can be managed.
"We see 20% potential return despite strong performance year to date - growth and cashflow upsides from wind & solar continue to be under-valued in our view," it said.
The shares are currently up 0.7% at 21.2 euros on Monday morning in Frankfurt.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.