RWE "buy"

29.09.06 - Dresdner Kleinwort Wasser.

LONDON, September 29 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on RWE AG (RWE). The target price is set to ?93.50.

In a research note published this morning, the analysts mention that company does not intend to participate in the M&A activity in Spain. The analysts say that RWE is unlikely to return cash to its shareholders in the near-term. Dresdner Kleinwort expects RWE to sell Thames Water in the UK in the near term.