Cadeler price target raised to $37 from $34 at Stifel

Stifel analyst Benjamin Nolan raised the firm’s price target on Cadeler to $37 from $34 and keeps a Buy rating on the shares after the company announced what the firm called “yet another contract that is materially higher than the last done on one of their wind turbine installation vessels.” Given the growing contract backlog at rising pricing, the firm believes 2027 EBITDA should now be “thoroughly above” EUR 800M, the analyst tells investors.