RWE: Oddo still a buyer

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on RWE shares, along with its target price of 38 euros, following the publication of H1 results that are slightly above the broker's expectations, which has led it to raise its 2021 estimates.


It now expects the German energy group's adjusted EBITDA to reach 3,240 million euros (which it has increased by 13% from its previous estimate), with adjusted EBIT of 1,725 million euros (+28%) and adjusted earnings of 1,253 million euros (+35%).


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