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RWE Down On 2011 Outlook, E.ON Trades Lower
Utilities E.ON (EOAN.XE) and RWE (RWE.XE) are trading lower Friday due to RWE's weak 2011 outlook from Thursday, a trader says, adding better sales prospects haven't been on RWE's horizon for a long time. But a price-to-earnings ratio well-below 10 isn't justified, another trader says.