RWE downgraded to "reduce"

21.08.07 - Dexia Securities

LONDON, August 21 (newratings.com) - Analysts at Dexia Securities downgrade RWE AG (RWE) to "reduce." The target price is set to ?82.

In a research note published this morning, the analysts mention that despite the varioud challenges being faced by RWE, the company?s share price has remained stable due to the raised guidance and earlier- than-expected commencement of the term of the new CEO. The exiting CEO has, however, still not handed over his duties to the new CEO, since he does not intend to leave the post until the official conclusion of his term, the analysts say. The company?s share price is unlikely to appreciate further until the new CEO can initiate new strategies, Dexia Securities adds.