Jefferies upgraded Vestas Wind (VWDRY) to Buy from Hold with a price target of DKK 135, down from DKK 160. Sentiment is now “at rock bottom” and valuation is in the lower band of the stock’s historical range, the analyst tells investors. 2025 could bring political and regulatory upside after a “worst case” scenario in 2024 as well as renewed confidence in Services earnings, the analyst added.
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