Dong Energy: UBS raises target price.

(CercleFinance.com) - UBS has raised its target price for the Dong Energy stock to 365 Danish kroner per share from 320 Danish kroner and reiterates its "buy" rating on the Danish energy group.


The brokerage firm says it sees "positive catalysts" over the next 12 months.

"Dong shares are up 27% since March this year, but we see significant further potential," says UBS in a note to clients. The broker explains that the firm is currently the leader in an offshore wind market that is set to grow five-fold by 2030.

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