Berenberg analyst Henry Tarr downgraded Vestas Wind (VWDRY) to Hold from Buy with a price target of DKK 120, down from DKK 180. The firm has some doubts about the extent of Vestas’ margin recovery, due to its current level of costs, as well as the sustainability of the margin in its Service business. Also, a Trump presidency will likely reduce Vestas’ offshore market potential over the medium term, the analyst tells investors in a research note.
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Read More on VWDRY:
- Vestas Wind price target lowered to DKK 156 from DKK 222 at RBC Capital
- Vestas Wind price target lowered to DKK 80 from DKK 99 at Barclays
- Vestas Wind upgraded to Buy from Hold at Fearnley
- Vestas Wind price target lowered to DKK 143 from DKK 151 at JPMorgan
- Vestas Wind price target lowered to DKK 235 from DKK 270 at Citi