(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on RWE while lowering its price target from 52 to 49 euros, a new target which still implies a potential increase of 60% for the German energy group’s shares.
‘We believe that the RWE stock is poorly valued, with attractive potential share buybacks below 36 euros per share,’ says the broker, who sees the current share price as an attractive entry point into the issue.
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