1331 GMT - Danish wind-turbine maker Vestas remains well-positioned to execute against a strong backlog, with margin guidance conservative for 2025, Deutsche Bank analyst John Kim writes. The market is pricing in quite a bit of risk into the Vestas share, which feels unjustified given its market position, onshore wind competitiveness, and continued growth in key areas, the bank says. That said, the company has battled issues within the service business, with recent regulation not positive for wind. "We recognize the issues but see more upside risk than downside at current levels." The bank lifts its target price to 150 Danish kroner from 145 kroner. It rates the stock buy. Shares trade 2.9% lower at 102.70 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 08:31 ET (13:31 GMT)
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