1256 GMT - The wind could be shifting for Vestas Wind Systems, with 2025 offering a few potential catalysts, Jefferies analyst Lucas Ferhani writes. This year could bring political and regulatory upside after the worst case scenario in 2024, Jefferies says. Confidence in services-unit earnings could return after significant downgrades last year, and there might be further improvement in the power-solutions unit earnings with offshore and U.S. growth kicking in. "With sentiment at rock bottom and valuation now in the lower band of historical range, we upgrade Vestas to buy [from hold]." Jefferies lowers its price target on the stock to 135 Danish kroner ($18.87) from 160 kroner. Shares trade 0.5% lower at 94.72 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 07:56 ET (12:56 GMT)
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