Fugro up after Jefferies upgrade on better offshore wind sector sentiment
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Shares in Fugro rise 7% following an upgrade by Jefferies from "underperform" to "hold" due to improved sentiment in the offshore wind sector. The upgrade follows a successful UK auction and an agreement among nine North Sea countries to boost offshore wind development. Jefferies also increased its EBIT estimate for 2026 by 38% to 159 million euros and raised the price target to 10.00 euros from 7.50 euros, noting the shares are undervalued historically. Among 8 analysts, opinions vary with one "buy," five "hold," and two "sell."
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