UniCredit Research cuts Vestas price target

UniCredit Research cuts Vestas price target

(ADPnews) - Jun 24, 2011 - UniCredit Research has trimmed the share price target on Danish wind-turbine maker Vestas Wind Systems A/S (CPH:VWS) to DKK 100 from DKK 140 and gave a "sell" rating to the stock.

Despite the dramatic drop of Vestas share price recent recently -- by a further 5% to DKK 116.90 just yesterday --the company is still too large to attract a takeover bid, according to UniCredit.

By 1201 CET on Friday, shares in Vestas had edged down 0.17% to DKK 116.70 on the stock exchange in Copenhagen.

(DKK 1.0 = USD 0.191/EUR 0.134)

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