RWE: Oddo BHF upgrades share
(CercleFinance.com) - Oddo BHF has upgraded the RWE share from "neutral" to "buy," while raising its corresponding target price from 24.
5 euros to 33 euros, noting that, over the last three months, the group's listed renewable assets have experienced a revaluation of their multiple, from which RWE has partially benefited.
While the legal uncertainties around the group's exit from coal and lignite are behind us, the potential for revaluation of renewable assets and gas should now be taken into account, the analyst in charge of the German energy group adds.
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