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Fly News Breaks for August 28, 2018
RWEOY
Aug 28, 2018 | 08:28 EDT
Jefferies analyst Ahmed Farman upgraded RWE AG to Buy and raised his price target for the shares to EUR 29 from EUR 21. Following a more detailed analysis of RWE's renewables pipeline, the analyst forecasts 30% capacity growth by 2025, and expect the earnings contribution from renewables to mostly offset the earnings decline of RWE genco. He views the stock's risk/reward as compelling at current share levels.
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