Poweo "buy"

01/02/07 - Dexia Securities

LONDON, January 2 (newratings.com) - Analyst Steven Deproost of Dexia Securities maintains his "buy" rating on Poweo SA (PWO). The target price is set to €49.

In a research note published this morning, the analyst mentions that EDF is expected to sign a 15-year contract with Exeltium in the forthcoming days. Poweo is expected to sign a similar deal in the near future, which is expected to boost its gross profits going forward, the analyst says. Poweo is expected to benefit going forward from the price negotiations between EDF and Exeltum, Dexia Securities adds.