RWE: UBS raises target price
(CercleFinance.com) - UBS reinstates its "buy" rating on RWE shares, having raised its target price for them to 47.
5 euros (from 39 euros previously), with its new target price suggesting upside potential of 12% for the German energy group's stock.
"We raise PT on a strong earnings outlook," the broker says, adding that " an outcome to discussions of the 2030 coal exit may be delayed, but could eventually add a further catalyst".
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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 (from 39 euros previously), with its new target price suggesting upside potential of 12% for the German energy group's stock.
"We raise PT on a strong earnings outlook," the broker says, adding that " an outcome to discussions of the 2030 coal exit may be delayed, but could eventually add a further catalyst".
Copyright (c) 2022 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.