RWE: Oddo BHF remains positive after interims

(CercleFinance.com) - Oddo BHF has confirmed its 'outperform' rating on and E46 target price euros for RWE shares, following the announcement of a 'satisfactory' half-year performance, with earnings slightly ahead of expectations and consensus.


According to the broker, the share price's 5.5% drop, despite this good publication, is mainly due to M&A rumours that had already weighed on RWE's performance last week - which have not been denied by management.

With the M&A rumours, uncertainty prevails over RWE's equity story; analysts say it seems likely that visibility will only improve once a possible deal for Calpine has been completed, the analyst warns.


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