RWE: UBS still a buyer, maintains TP
(CercleFinance.com) - UBS reiterates its Buy recommendation on the share, maintaining its target price at E46, representing 62% upside potential.
We believe that RWE's diversified production strategy positions it well in a volatile market environment, and that it offers convincing upside potential, UBS says.
For FY 2024, RWE is now targeting the middle of its annual target ranges of E1.9bn-E2.4bn for adjusted net income and E5.2bn-E5.8bn for adjusted EBITDA, whereas it previously expected around the lower end of these ranges.
Copyright (c) 2025 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.
We believe that RWE's diversified production strategy positions it well in a volatile market environment, and that it offers convincing upside potential, UBS says.
For FY 2024, RWE is now targeting the middle of its annual target ranges of E1.9bn-E2.4bn for adjusted net income and E5.2bn-E5.8bn for adjusted EBITDA, whereas it previously expected around the lower end of these ranges.
Copyright (c) 2025 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.