Barclays cuts Vestas rating to "equal weight", axes price target
(ADPnews) - Oct 21, 2010 - Barclays Capital has downgraded its recommendation on Danish wind-turbine maker Vestas Wind Systems A/S (CPH:VWS) to "equal weight" from "overweight", slashing the share price target to DKK 175 from DKK 279.
Yesterday, Citigroup and Nordea also cut their targets on Vestas -- to DKK 175 from DKK 200 and to DKK 240 from DKK 265, respectively. At the same time Danske Bank warned that the company's third-quarter report, due for release on October 26, could be disappointing.
By 1247 CET today, the shares in Vestas had gained 2.32% to DKK 202.70 on the stock exchange in Copenhagen.