RWE: Oddo BHF remains positive, adjusts TP
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on RWE shares, trimming its target price from E40 to E39, in line with its estimates for the hydro, biomass and gas division in 2025-26 and its macro assumptions (WACC raised by 25bp).
RWE has demonstrated a certain agility in a more turbulent market environment, the analyst believes, the day after the German energy group published its Q3 2024 results.
We believe that the steps taken are consistent with the group's medium-term ambitions, and that the share buyback program comes at a favorable time for shareholders (since the group seems undervalued to us), it continues.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
RWE has demonstrated a certain agility in a more turbulent market environment, the analyst believes, the day after the German energy group published its Q3 2024 results.
We believe that the steps taken are consistent with the group's medium-term ambitions, and that the share buyback program comes at a favorable time for shareholders (since the group seems undervalued to us), it continues.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.