RWE AG upgraded to Conviction Buy from Buy at Goldman Sachs

Goldman Sachs analysts added RWE AG to the firm’s Conviction List while keeping a Buy rating on the shares with an EUR 51 price target. RWE’s recent capital markets day implies a tripling in renewable capacity by the end of the decade, which will drive value-enhancing growth, and this growth is not priced into the stock, the analysts tell investors in a research note.