Vestas Wind Systems A/S

Stocks
30

Recommendation changes from research firms this week, picked from Nordnet news:

  • Deutsche Bank raises 150 → 185 DKK, maintains a Hold recommendation.
  • Goldman Sachs raises 200 → 203 DKK, maintains a Buy recommendation.
  • Morgan Stanley 160 → 170 DKK, maintains an “Equal-weight” (balance/hold?) recommendation.
  • Citigroup 190 → 240 DKK, maintains a Buy recommendation.
  • Jefferies 184 → 200 DKK, maintains a Buy recommendation.
  • Fearnley 205 DKK remains unchanged, but upgrades from Hold → Buy.

Jefferies excerpt: “In 2026, we see another year of growth and margin improvement, driven by lower setup costs (in offshore wind, ed.), operating leverage, and continued service improvement,” Jefferies writes in a note.

The financial firm expects Vestas to report an operating profit margin of 6–8 percent for 2026, measured as EBIT before special items.

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