RWE "reduce"

10.08.06 - Dexia Securities

LONDON, August 10 (newratings.com) - Analysts at Dexia Securities maintain their "reduce" rating on RWE (RWE-EUR). The target price is set to ?65.8.

In a research note published this morning, the analysts mention that the company has posted robust 2Q results, broadly in line with expectations. RWE has reduced its net profit growth guidance, which is likely to impact investor sentiment, the analysts say. The performance of the company?s water business was disappointing, Dexia Securities adds.