RWE "buy"

10.08.06 - Dresdner Kleinwort Wasser.

LONDON, August 10 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on RWE AG (RWE). The target price is set to ?85.

In a research note published this morning, the analysts mention that the company has reported its 1H EBITDA, PBT and net income short of the estimates. RWE's operating result for the quarter was ahead of the consensus, the analysts say. The performance of the company's RWE Power segment was marginally weak during the period due to low contribution from RWE Trading, Dresdner Kleinwort adds.