Jefferies analyst Ahmed Farman upgraded Orsted to Buy from Hold with a price target of DKK 800, up from DKK 600. The analyst sees the company’s inflation headwinds easing, policy tailwinds growing as well as signs of industry capital discipline. As such, the firm expects a "shift in equity story" following concerns about project returns that drove the stock down 50% since January 2021.
Published first on TheFly
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- Orsted price target lowered to DKK 760 from DKK 800 at Berenberg
- Orsted price target lowered to DKK 640 from DKK 760 at JPMorgan
- Orsted upgraded to Buy from Neutral at Goldman Sachs
- Orsted price target lowered to DKK 850 from DKK 870 at Morgan Stanley
- Orsted price target lowered to DKK 760 from DKK 920 at JPMorgan
