UBS reaffirms its 'buy' recommendation on RWE, while lowering its price target from 52 to 49 euros, a new target that still implies a 60% upside potential for the German energy group's shares.

We believe that the RWE share is poorly valued, with attractive potential share buybacks below 36 euros per share", says the broker, who sees the current share price as an attractive entry point into the dossier.

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