RWE "reduce"

04.08.06 - Dexia Securities

LONDON, August 4 (newratings.com) - Analyst Steven De Proost of Dexia Securities issues a "reduce" rating on RWE (RWE-EUR). The target price is set to ?64.1.

In a research note published this morning, the analyst mentions that the company is expected to post robust FY06 results, ahead of the targets, driven by the impact of wholesale electricity prices and crude oil price on RWE Power. The analyst expects RWE to keep its guidance unchanged.