String of banks have cut Ørsted's price target

Swedish SEB is the latest in a long line of banks that have lost faith in Ørsted and cut its price target sharply.

by MarketWire

Swedish SEB follows in the slipstream of a number of analysts who have cut the price target for the energy group Østed after Wednesday’s report, where the company announced that it will halt the US wind projects Ocean Wind 1 and 2 and write down DKK 28.4bn (USD 4bn). In addition, the utility group has made provisions of DKK 8-11bn in the fourth quarter.

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Ørsted pushes for fast-track tendering of New York project
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Ørsted expected to shelve additional projects
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