Report
Vestas : Storm warning at the start of the year
>Underperform rating and target adjusted to DKK 140 (vs DKK 170) - We confirm our cautious stance on the stock. The group had up to now seemed to be less impacted than its peers by rising raw materials costs, but it is now under pressure from poor sector fundamentals. Following the adjustment to our earnings sequence (EPS estimates lowered by -20% on average for 2022-2024), our new DCF-derived target price is DKK 140. The reassuring factor in the quarter came from ord...
Underlying
VESTAS WIND SYSTEMS
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Baptiste Lebacq
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