RWE "buy"

10.01.07 - Dresdner Kleinwort Wasser.

LONDON, January 10 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on RWE AG (RWE). The target price is set to ?98.30.

In a research note published this morning, the analysts mention that the company has reaffirmed its net income growth guidance for 2006 at 40%. RWE?s recurring net income growth guidance of approximately 10% indicates a DPS of ?3.10-?3.60, as compared to the consensus expectations of ?3.22, the analysts say.