RWE: UBS reiterates its recommendation and objective

(CercleFinance.com) - UBS reiterates its Buy recommendation on the share and leaves its price target unchanged at E46, which represents a 62% upside potential for the stock.


'We believe that RWE's diversified production strategy positions it well in a volatile market environment, and that it offers convincing upside potential', says UBS.

For fiscal year 2024, RWE is now targeting the middle of its annual target ranges of 1.9-2.4 billion euros for adjusted net income and 5.2-5.8 billion for adjusted EBITDA, whereas it previously saw them towards the lower end of these ranges.

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