Vestas Is Too Expensive, Handelsbanken Says, Reiterating Sell

• (PLX AI) - Vestas shares are too expensive, analysts at Handelsbanken said in a research note, reiterating their sell recommendation on the wind turbine maker.
• • Vestas revenue can easily be hit by unforeseen events, a risk that has been increasing markedly with the company's new offshore strategy, Handelsbanken said
• • Potential delays and challenges with suppliers are unknowns, the analysts said
• • In the short term, the share may have some positive momentum leading up to the Glasgow UN climate change conference at the end of October: Handelsbanken
• • Price target DKK 140 implies 46% downside