RWE "buy," target price raised

13.02.06 - Deutsche Bank

LONDON, February 13 (newratings.com) - Analyst Richard Smith of Deutsche Bank maintains his "buy" rating on RWE (RWE-EUR). The target price has been raised from ?66 to ?72.

In a research note published this morning, the analyst mentions that the value of the company?s European generation portfolio has risen by more than ?1.5 billion, given the increase in wholesale power prices. Forward wholesale power prices in Europe have risen by 10% since early January this year, the analyst points out.