(CercleFinance.com) – RWE gains more than 1% in Frankfurt, as Barclays today reaffirmed its advice to ‘overweight’ the stock with a price target of 54 euros, even seeing a ‘major buying opportunity’ ahead of what he sees as ‘the imminent first passage of an electricity price cap law in Germany’.
‘The current draft of this law published by Klimarreporter justifies continued positivity on RWE while the current government proposals are better than expected,’ believes the broker, who expects the vote on this law no later than December 2.
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