RWE: boosted by analyst comments
(CercleFinance.com) - RWE shares are up 3% in Frankfurt today, thanks to positive comments from Oddo BHF, which, while trimming its target price from E52 to E50, reiterates its "outperform" rating on the energy group's shares, which it deems too cheap to ignore.
Noting RWE's sluggish stockmarket performance (excluding dividends), the broker considers that the period ahead and the need for massive investment are typically the ideal cocktail for long-term value creation.
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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.
Noting RWE's sluggish stockmarket performance (excluding dividends), the broker considers that the period ahead and the need for massive investment are typically the ideal cocktail for long-term value creation.
Copyright (c) 2023 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.