Morgan Stanley resumed coverage of Orsted (DNNGY) with an Equal Weight rating and DKK 130 price target Following the recent rights issue, the firm sees 6% upside and an “attractive risk/reward skew,” but notes that this is largely contingent on a positive outcome in its U.S. projects.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DNNGY:
- Orsted upgraded to Neutral from Sell at Clarksons
- Orsted price target lowered to DKK 120 from DKK 320 at RBC Capital
- Orsted downgraded to Underperform from Neutral at Grupo Santander
- Orsted price target lowered to DKK 208 from DKK 210 at JPMorgan
- Trump Weekly: Trump asks SCOTUS to uphold tariffs after ruled illegal