(CercleFinance.com) – RWE advances by nearly 3% in Frankfurt on the back of favorable comments from UBS, which reaffirms its ‘buy’ recommendation on the title of the German energy group and raises its price target to 47.5 euros, against 39 euros previously.
“We are increasing our target on a strong earnings outlook”, explains the broker, adding that “the outcome of the discussions on the exit from coal in 2030 could be delayed, but could possibly add an additional catalyst”.
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