Goldman Sachs analyst James Tate CFA has reiterated their bearish stance on 0NMK stock, giving a Sell rating on August 11.
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James Tate CFA’s rating is based on a combination of factors that suggest a cautious outlook for Vestas Wind Systems. Despite recent announcements of significant orders in the USA, there appears to be a backlog of orders that have yet to materialize into firm commitments. This backlog may indicate potential challenges in converting these orders into actual revenue streams.
Additionally, while there is a focus on cash returns within the sector, which could be seen as a positive, the overall market conditions and inventory levels across the industrial value chain suggest a more complex environment. These factors, combined with the current market dynamics, have led James Tate to adopt a Sell rating for Vestas Wind Systems, reflecting a more conservative stance on the company’s near-term prospects.
According to TipRanks, Tate CFA is ranked #2947 out of 9896 analysts.
In another report released on August 11, Kepler Capital also maintained a Sell rating on the stock with a DKK100.00 price target.