RWE "buy"

07.06.06 - Dresdner Kleinwort Wasser.

LONDON, June 7 (newratings.com) - Analysts at Dresdner Kleinwort Wasserstein maintain their "buy" rating on RWE (RWE-EUR). The target price is set to ?85.

In a research note published this morning, the analysts mention that at the upcoming press conference on June 8, the regulatory authorities are unlikely to announce a reduction in the grid fees. The grid fee negotiations between Germany?s 900 electricity distributors and the Federal Network Agency are expected to last for the forthcoming one-to-two months, the analysts add.