DEME If you want to move mountains tomorrow, you must move rocks today
We increase our Target Price for DEME from € 170 to € 190, in line with our updated model, while maintaining our Accumulate rating.
The title of our note refers to DEME's new addition to its fleet : a fall pipe vessels 'Yellowstone', showcasing its commitment to enhancing its high-tech fleet to meet the evolving demands of its global customers. With a payload capacity of 37,000 tonnes, ‘Yellowstone' reinforces DEME's leadership in ‘Offshore Energy'.