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analysts update recommendations and price targets for major european companies
Analysts have updated their recommendations and price targets for several companies, reflecting varied market sentiments. Notable changes include Bakkafrost upgraded to Buy by DNB Markets, while Eni was downgraded to neutral by Redburn Atlantic. Other adjustments include price target reductions for TotalEnergies, UBS Group, and Bolloré, alongside upgrades for Inditex and Mowi.
Barclays has downgraded Orsted to "underweight" from "equal weight," citing risks associated with U.S. offshore wind projects and policy uncertainty. The price target has been slashed by 34% to DKK 240, reflecting a significant reduction in pipeline value and potential impairments of up to DKK 6 billion on U.S. assets through 2025. Orsted's stock has fallen 7.7% to DKK 264.60, with concerns that a saturated European renewables market and UK power pricing reforms may dampen investor interest. The broker warns that without asset disposals, Orsted could face a DKK 30 billion funding gap by 2030 to meet its financial targets.
Barclays downgrades Orsted stock rating and lowers price target significantly
Barclays has downgraded Orsted A/S from Equalweight to Underweight, slashing its price target from DKK 365.41 to DKK 239.95 due to uncertainties in the U.S. market affecting wind operations. Analysts suggest Orsted may need to adjust growth expectations or consider asset sales to bolster its balance sheet. In contrast, Barclays favors SSE with an Overweight rating, citing its stronger position in the renewable energy sector.
UBS upgrades Orsted to buy with target price of 520 crowns
UBS has maintained its "Buy" rating for Orsted, setting a target price of 520 Danish crowns. Analyst Mark Freshney highlighted concerns over further write-downs and delays in the Sunrise Wind project, which are negatively impacting the company's outlook.
ubs maintains buy rating for orsted with target price of 520 kroner
UBS has maintained a 'Buy' rating for Orsted, setting a target price of 520 Danish kroner. Analyst Mark Freshney highlighted concerns over further write-downs and delays in the Sunrise Wind project, which are impacting the company's outlook. Orsted, a leading Danish energy firm, primarily focuses on offshore wind farms, contributing significantly to its revenue.
ubs maintains buy rating for orsted with target price of 520 kroner
UBS has maintained its "Buy" rating for Orsted, setting a target price of 520 Danish kroner. Analyst Mark Freshney highlighted concerns over further write-offs and delays in the Sunrise Wind project, which are negatively impacting the company's outlook.
ubs upgrades orsted to buy with target price of 520 kroner
UBS has maintained its 'Buy' rating for Orsted, setting a target price of 520 Danish crowns. Analyst Mark Freshney highlighted concerns over further write-offs and delays in the Sunrise Wind project, which are negatively impacting the company's outlook.
ubs upgrades orsted to buy with target price of 520 kroner
UBS has maintained its "Buy" rating for Orsted, setting a target price of 520 Danish crowns. Analyst Mark Freshney highlighted concerns over further write-offs and delays in the Sunrise Wind project, which are negatively impacting the company's outlook.
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