Financial expert: JPMorgan increases price target for RWE and expects profitable growth story at Capital Markets Day.

Financial expert: JPMorgan increases price target for RWE and expects profitable growth story at Capital Markets Day.

According to a report by www.finanzen.net, the US bank JPMorgan raised the price target for RWE from 54 to 58 euros before the capital market day and left the rating at “overweight”. Analyst Vincent Ayral expects the energy supplier RWE to present a profitable growth story at the investor event on November 28th. He has increased his investment forecast for the period 2021 to 2030 by 15 billion euros to 51 billion euros. The RWE share temporarily rose by 0.68 percent to 38.22 euros in XETRA trading.

RWE's upcoming investor event and JPMorgan's positive forecasts have raised the price target for RWE shares. This indicates that the financial sector and the market are reacting positively to RWE's planned investments and growth strategy. With an increased investment forecast of 51 billion euros for the period 2021 to 2030, RWE could be able to further expand its business and strengthen its position in the energy market.

Increased investment activity by RWE could also have potential impacts on the energy supply and renewable energy markets. This could lead to increased competition and new market opportunities. The increase in the price target and the positive assessment from JPMorgan could also strengthen investor confidence and stimulate further investments in RWE shares.

Overall, current developments and forecasts point to a positive picture for RWE and its future growth strategy, which could have potential impacts on the market and the financial sector. However, the exact impact will depend on the actual implementation of the investment plans and the reactions of investors and the market.