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BofA cuts Orsted stock rating, slashes price target to DKK350The revision by BofA Securities comes as Orsted shifts its focus towards the completion of ongoing projects and improving its capital structure to sustain a robust investment grade credit rating.
The new CEO earlier in February slashed investment plans by 25% and further reduced Orsted’s renewable energy targets to underpin a capital structure able to support “a solid investment grade credit ...
We confirm our DKK 460 fair value estimate for no-moat Orsted after attending a breakfast ... its strong willingness to keep an investment-grade rating while ruling out a rights issue given ...
Cicero Shades of Green gave the bond a 'Dark Green' rating, its highest shading. It noted that Orsted has in place sound management and governance structures that support the implementation of its ...
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