RWE "reduce"

12.05.06 - Dexia Securities

LONDON, May 12 (newratings.com) - Analysts at Dexia Securities maintain their "reduce" rating on RWE AG (RWE). The target price is set to ?65.80.

In a research note published this morning, the analysts mention that the company is likely to post its 1Q06 operating profit growth of 8.2% when it reports its results on May 15. RWE?s operating profit growth during the quarter is expected to have been driven by favourable currency effects, rise in power prices and an encouraging regulatory environment, the analysts add.