0656 GMT - Vestas Wind Systems' margins are improving, Berenberg analysts write as they upgrade the stock to buy from hold. They also raise the target price for the wind-turbine maker to 240 Danish kroner from 196 kroner. The analysts expect a 10% EBIT margin by 2027 as its offshore division ramps up production and manufacturing efficiency improves. At the same time, order visibility is strong, especially with strong momentum in Europe, they say. Higher margins will grow cash flow, and could lead to a potential 1 billion euro buyback for 2027, the analysts write. Shares closed Wednesday at 207.80 kroner.
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