RWE "reduce

27.03.06 - Dexia Securities

LONDON, March 27 (newratings.com) - Analyst Steven DeProost of Dexia Securities maintains his "reduce" rating on RWE (RWE-EUR). The target price is set to ?65.8.

In a research note published this morning, the analyst mentions that the company has decided to undertake an IPO of its American Water business in the US by 2007. RWE's ongoing disposals in the UK and the US are unlikely to boost the company's earnings prospects during the short term, the analyst adds.