RWE "buy"

15.05.07 - Dresdner Kleinwort Wasser.

LONDON, May 15 (newratings.com) - Analyst Lueder Schumachar of Dresdner Kleinwort maintains his "buy" rating on RWE AG (RWE). The target price is set to ?91.50.

In a research note published this morning, the analyst mentions that the company has reported robust 1Q results, with operating results substantially ahead of the estimates and the consensus. RWE?s performance in the quarter was driven by RWE Power, which reported 50% growth in operating results, the analyst says.