Danske Stock Recommendations and Price Targets

This is a list of recent ratings by Danske.

Date	Company Name	Action	Current Price	Price Target	Rating
11/21/2025	NOK Nokia	Upgrade	$6.00		Hold ➝ Buy
11/4/2025	NOK Nokia	Downgrade	$6.00		Buy ➝ Hold
11/4/2025	AKRTF Aker Solutions ASA	Upgrade	$3.00		Hold
10/27/2025	NHYDY Norsk Hydro ASA	Upgrade	$7.00		Hold
10/23/2025	SSAAY SSAB	Upgrade	$4.00		Hold ➝ Buy
10/15/2025	ERIC Ericsson	Downgrade	$10.00		Hold
10/10/2025	SSAAY SSAB	Downgrade	$4.00		Buy ➝ Hold
10/7/2025	AKAAF Aker ASA	Downgrade	$81.00		Hold
10/3/2025	OUTKY Outokumpu	Upgrade	$2.00		Buy
8/28/2025	ROYUF Royal Unibrew A/S	Upgrade	$73.00		Buy
8/12/2025	IBP Installed Building Products	Downgrade	$268.00	$252.00	Buy ➝ Hold
7/11/2025	SVNLY Svenska Handelsbanken Ab Publ	Downgrade	$7.00		Hold
6/26/2025	PRXXF Paradox Interactive AB (publ)	Downgrade	$18.00		Buy ➝ Hold
6/3/2025	EKTAY Elekta	Downgrade	$6.00		Hold
5/28/2025	GRGSF Grieg Seafood ASA	Downgrade	$6.00		Sell
5/7/2025	NKRKF Nokian Renkaat Oyj	Downgrade	$10.00		Sell
4/25/2025	PRXXF Paradox Interactive AB (publ)	Upgrade	$18.00		Buy
4/25/2025	QTGPF Qt Group Oyj	Upgrade	$35.00		Buy
2/6/2025	EQNR Equinor ASA	Upgrade	$23.00		Hold ➝ Buy
10/18/2024	NOK Nokia	Upgrade	$6.00		Hold ➝ Buy
10/11/2023	TLTZY Tele2	Downgrade	$8.00		Buy ➝ Hold
10/11/2023	KNCRY Konecranes	Upgrade	$21.00		Hold ➝ Buy
10/6/2023	ALV Autoliv	Downgrade	$118.00		Buy ➝ Hold
10/4/2023	FOJCY Fortum Oyj	Downgrade	$4.00		Buy ➝ Hold
9/28/2023	AXFOY Axfood AB (publ)	Downgrade	$27.00		Hold ➝ Sell
9/19/2023	BLRDF Billerud AB (publ)	Upgrade	$9.00		Hold ➝ Buy
8/30/2023	FSOYF WithSecure Oyj	Upgrade	$2.00		Hold ➝ Buy
8/25/2023	TPDKY Topdanmark A/S	Upgrade	$5.00		Hold ➝ Buy
8/25/2023	HUFAF Hufvudstaden AB (publ)	Upgrade	$14.00		Sell ➝ Hold
8/21/2023	BOZTY Boozt AB (publ)	Upgrade	$12.00		Sell ➝ Hold
8/10/2023	BOZTY Boozt AB (publ)	Downgrade	$12.00		Hold ➝ Sell
8/7/2023	AMKBY A.P. Moller-Maersk	Downgrade	$10.00		Hold ➝ Sell
8/3/2023	REVXF Revenio Group Oyj	Downgrade	$25.00		Buy ➝ Hold
7/26/2023	DSDVY DSV	Downgrade	$119.00		Buy ➝ Hold
7/21/2023	KKOYY Kesko Oyj	Upgrade	$11.00		Hold ➝ Buy
7/21/2023	ATAZF Atea ASA	Upgrade	$15.00		Hold ➝ Buy
7/17/2023	AKRYY Akastor ASA	Downgrade	$6.00		Buy ➝ Hold
6/22/2023	FSOYF WithSecure Oyj	Downgrade	$2.00		Hold ➝ Sell
6/22/2023	VLMTY Valmet Oyj	Downgrade	$37.00		Buy ➝ Hold
6/21/2023	HSQVY Husqvarna AB (publ)	Upgrade	$10.00		Hold ➝ Buy
6/12/2023	REVXF Revenio Group Oyj	Upgrade	$25.00		Hold ➝ Buy
6/9/2023	AKBLF ALK-Abelló A/S	Upgrade	$36.00		Hold ➝ Buy
5/10/2023	OUTKY Outokumpu	Upgrade	$2.00		Sell ➝ Hold
5/10/2023	AKBLF ALK-Abelló A/S	Upgrade	$36.00		Sell ➝ Hold
5/9/2023	GRGSF Grieg Seafood ASA	Upgrade	$6.00		Hold ➝ Buy
5/3/2023	TRMD Torm	Upgrade	$21.00		Hold ➝ Buy
4/28/2023	IDDWF Indutrade AB (publ)	Upgrade	$26.00		Sell ➝ Hold
4/28/2023	SICRF SimCorp A/S	Downgrade	$103.00		Buy ➝ Hold
4/26/2023	AKRYY Akastor ASA	Upgrade	$6.00		Hold ➝ Buy
4/26/2023	ALFVY Alfa Laval	Downgrade	$49.00		Buy ➝ Hold
4/21/2023	NDCVF Nordic Semiconductor ASA	Downgrade	$14.00		Buy ➝ Sell
4/21/2023	KNKBF Kinnevik	Upgrade	$2.00		Sell ➝ Hold
4/18/2023	AKBLF ALK-Abelló A/S	Downgrade	$36.00		Buy ➝ Sell
4/18/2023	UPNRF Uponor Oyj	Upgrade	$29.00		Sell ➝ Buy
4/14/2023	KHOTF Kahoot! ASA	Initiated Coverage	$4.00		Hold
3/31/2023	HNNMY Hennes & Mauritz	Upgrade	$4.00		Hold ➝ Buy
3/23/2023	ATLKY Atlas Copco	Upgrade	$18.00		Hold ➝ Buy
3/10/2023	TRMD Torm	Downgrade	$21.00		Buy ➝ Hold
2/23/2023	GMAB Genmab A/S	Upgrade	$32.00		Hold ➝ Buy
2/17/2023	ADEVF Adevinta ASA	Downgrade	$11.00		Buy ➝ Hold
2/17/2023	GRGSF Grieg Seafood ASA	Downgrade	$6.00		Buy ➝ Hold
2/16/2023	FLNG Flex LNG	Downgrade	$26.00		Buy ➝ Hold
2/13/2023	BOZTY Boozt AB (publ)	Upgrade	$12.00		Sell ➝ Hold
2/9/2023	AMKBY A.P. Moller-Maersk	Upgrade	$10.00		Sell ➝ Hold
2/9/2023	CCNTF Concentric AB (publ)	Downgrade	$22.00		Buy ➝ Hold
2/8/2023	WILYY Demant A/S	Upgrade	$16.00		Hold ➝ Buy
2/6/2023	KNKBF Kinnevik	Downgrade	$2.00		Hold ➝ Sell
2/3/2023	KKOYY Kesko Oyj	Downgrade	$11.00		Buy ➝ Hold
2/1/2023	WRTBY Wartsila	Upgrade	$7.00		Hold ➝ Buy
2/1/2023	EPOKY Epiroc AB (publ)	Downgrade	$20.00		Buy ➝ Hold
12/22/2022	SSAAY SSAB	Downgrade	$4.00		Hold ➝ Sell
12/15/2022	ELMUF Elisa Oyj	Downgrade	$44.00		Buy ➝ Sell
12/9/2022	SKFRY AB SKF	Downgrade	$27.00		Buy ➝ Hold