tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Orsted upgraded to Buy from Hold at Berenberg

Berenberg upgraded Orsted (DNNGY) to Buy from Hold with a price target of DKK 225, down from DKK 250. The rights issue gives the company the balance sheet capacity to fund capex through 2027, even in the “unlikely scenario” it cannot complete any of its proposed divestments and cancels its U.S. offshore projects, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1