Danske Stock Recommendations and Price Targets

This is a list of recent ratings by Danske.

Date	Company Name	Action	Current Price	Price Target	Rating
7/15/2026	ERIC Ericsson	Upgrade	$9.00		Hold ➝ Buy
7/1/2026	NOK Nokia	Upgrade	$9.00		Hold ➝ Buy
6/16/2026	HNSBF Hansa Biopharma AB (publ)	Initiated Coverage	$3.00		Buy
5/26/2026	FRO Frontline	Downgrade	$39.00		Hold
5/15/2026	AKAAF Aker ASA	Upgrade	$129.00		Hold ➝ Buy
4/30/2026	KNCRY Konecranes	Upgrade	$7.00		Buy ➝ Buy
4/23/2026	NKRKF Nokian Renkaat Oyj	Upgrade	$17.00		Hold ➝ Buy
4/17/2026	NHYDY Norsk Hydro ASA	Downgrade	$9.00		Hold ➝ Sell
4/14/2026	HMNKF HMS Networks AB (publ)	Upgrade	$49.00		Buy
2/24/2026	NOK Nokia	Downgrade	$9.00		Buy ➝ Hold
2/19/2026	BIOVF Swedish Orphan Biovitrum	Downgrade	$49.00		Hold
2/11/2026	NKRKF Nokian Renkaat Oyj	Downgrade	$17.00		Buy ➝ Hold
2/5/2026	AKRTF Aker Solutions ASA	Downgrade	$4.00		Hold ➝ Sell
1/30/2026	QTGPF Qt Group Oyj	Downgrade	$33.00		Buy ➝ Hold
1/15/2026	ORINY Orion OYJ	Downgrade	$43.00		Buy ➝ Hold
1/6/2026	NWARF Norwegian Air Shuttle ASA	Downgrade	$1.00		Hold
12/18/2025	NKRKF Nokian Renkaat Oyj	Upgrade	$17.00		Sell ➝ Buy
11/21/2025	NOK Nokia	Upgrade	$9.00		Hold ➝ Buy
11/4/2025	NOK Nokia	Downgrade	$9.00		Buy ➝ Hold
11/4/2025	AKRTF Aker Solutions ASA	Upgrade	$4.00		Hold
10/27/2025	NHYDY Norsk Hydro ASA	Upgrade	$9.00		Hold
10/23/2025	SSAAY SSAB	Upgrade	$5.00		Hold ➝ Buy
10/15/2025	ERIC Ericsson	Downgrade	$9.00		Hold
10/10/2025	SSAAY SSAB	Downgrade	$5.00		Buy ➝ Hold
10/7/2025	AKAAF Aker ASA	Downgrade	$129.00		Hold
10/3/2025	OUTKY Outokumpu	Upgrade	$3.00		Buy
8/28/2025	ROYUF Royal Unibrew A/S	Upgrade	$70.00		Buy
8/12/2025	IBP Installed Building Products	Downgrade	$228.00	$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	$13.00		Buy ➝ Hold
6/3/2025	EKTAY Elekta	Downgrade	$5.00		Hold
5/28/2025	GRGSF Grieg Seafood ASA	Downgrade	$4.00		Sell
5/7/2025	NKRKF Nokian Renkaat Oyj	Downgrade	$17.00		Sell
4/25/2025	PRXXF Paradox Interactive AB (publ)	Upgrade	$13.00		Buy
4/25/2025	QTGPF Qt Group Oyj	Upgrade	$33.00		Buy
2/6/2025	EQNR Equinor ASA	Upgrade	$40.00		Hold ➝ Buy
10/18/2024	NOK Nokia	Upgrade	$9.00		Hold ➝ Buy
10/11/2023	TLTZY Tele2	Downgrade	$8.00		Buy ➝ Hold
10/11/2023	KNCRY Konecranes	Upgrade	$7.00		Hold ➝ Buy
10/6/2023	ALV Autoliv	Downgrade	$117.00		Buy ➝ Hold
10/4/2023	FOJCY Fortum Oyj	Downgrade	$5.00		Buy ➝ Hold
9/28/2023	AXFOY Axfood AB (publ)	Downgrade	$27.00		Hold ➝ Sell
9/19/2023	BLRDF Billerud AB (publ)	Upgrade	$7.00		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	$13.00		Sell ➝ Hold
8/21/2023	BOZTY Boozt AB (publ)	Upgrade	$15.00		Sell ➝ Hold
8/10/2023	BOZTY Boozt AB (publ)	Downgrade	$15.00		Hold ➝ Sell
8/7/2023	AMKBY A.P. Moller-Maersk	Downgrade	$13.00		Hold ➝ Sell
8/3/2023	REVXF Revenio Group Oyj	Downgrade	$16.00		Buy ➝ Hold