(News Bulletin 247) – Oddo BHF confirms its ‘outperformance’ opinion on RWE with a price target reduced from 57.5 to 51 euros, the day after the publication by the German energy group of annual results that exceeded expectations and guidance .
At the end of this publication, the research office also points to management objectives for 2023 which take into account the evolution of the market price, as well as a “reassuring message on the offshore wind portfolio”.
“From a value creation point of view, the increase in our estimates in the flexibility activities does not make it possible to compensate for the value lost in the downward adjustment of our renewable estimates”, nevertheless indicates the analyst.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
