Orsted upgraded to Neutral from Underperform at Credit Suisse

Credit Suisse analyst Mark Freshney upgraded Orsted to Neutral from Underperform with a price target of DKK 610, up from DKK 530. The competitive environment improving for offshore wind, the analyst tells investors in a research note. The firm sees “clear signs” of an industry “re-set” and says Orsted has positive exposure to U.K. inflation.