HALISTER: RWE Leads DAX Higher, EON Advances After Upgrade at Barclays

RWE Leads DAX Higher, EON Advances After Upgrade at Barclays

(Bloomberg) -- RWE climbs to 10-mo. high, EON rises after utilities’ ratings raised at Barclays with gain in power prices supporting both stocks.
  • RWE raised to equalweight, PT EU12.4 vs EU9.1
  • EON raised to overweight, PT EU10.2 vs EU8.8
  • READ: EON, RWE Raised at Barclays, Power Price Rally Supportive
DATA
  • RWE rises as much as 6.1% to EU14.19/shr, highest intraday level since Aug. 24, biggest DAX gainer today; volume 63% of 3-mo. avg
    • Stock has risen 19% month-to-date vs little change in DAX; up 19% ytd
  • EON rises as much as 4.1% to EU9.47/shr, highest intraday level since April 27; volume is 56% of 3-mo. avg
    • Stock has risen 6.4% mtd, up 5.4% ytd
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
EOAN GR (E.ON SE)
RWE GR (RWE AG)

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