Dong Energy: Credit Suisse removes shares from Focus List.

(CercleFinance.com) - Credit Suisse has removed the Danish Dong Energy stock from its "Focus List" on Wednesday.


The broker has downgraded its rating on the stock from "outperform" to "neutral," noting that the shares have risen by about 65% in pound sterling over the 15 months since its IPO.

"The shares now reflect the full value of the existing assets and the construction pipeline until 2020," Credit Suisse pointed out.

"It will be more difficult to generate value post-2020 given increasing competition," the broker warned.

Credit Suisse has nevertheless raised its target price to 335 Danish kronor from 325 Danish kronor.

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