RWE AG price target lowered to EUR 45 from EUR 50 at Barclays

Barclays analyst Peter Crampton lowered the firm’s price target on RWE AG to EUR 45 from EUR 50 and keeps an Overweight rating on the shares. The firm remains positive on the European utilities sector. Beyond the positive structural narrative, macro conditions have seen a significant improvement, the analyst tells investors in a research note.