Report
Vestas : The services activity drives earnings
>Underperform recommendation and target price of DKK 140 - We reiterate our Underperform recommendation on the stock with the target price unchanged at DKK 140. Following the publication and the conference call, we have adjusted our forecasts for EPS for 2023-2025 (the marked upward revision to 2023 EPS is not significant given the low level but we have lowered our forecasts for 2024 and 2025 by 5% on average).We have identified several risks: 1/ the supply chain...
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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