Danske Stock Recommendations and Price Targets

This is a list of recent ratings by Danske.

Date	Company Name	Action	Current Price	Rating	Impact on Share Price
6/26/2025	PRXXF Paradox Interactive AB (publ)	Downgrade	$21.00	Buy ➝ Hold	Low
6/3/2025	EKTAY Elekta	Downgrade	$5.00	Hold	Low
5/28/2025	GRGSF Grieg Seafood ASA	Downgrade	$7.00	Sell	Low
5/7/2025	NKRKF Nokian Renkaat Oyj	Downgrade	$7.00	Sell	Low
4/25/2025	PRXXF Paradox Interactive AB (publ)	Upgrade	$21.00	Buy	Low
4/25/2025	QTGPF Qt Group Oyj	Upgrade	$66.00	Buy	Low
2/6/2025	EQNR Equinor ASA	Upgrade	$25.00	Hold ➝ Buy	High
10/18/2024	NOK Nokia	Upgrade	$5.00	Hold ➝ Buy	Low
10/11/2023	TLTZY Tele2	Downgrade	$8.00	Buy ➝ Hold	Low
10/11/2023	KNCRY Konecranes	Upgrade	$16.00	Hold ➝ Buy	Low
10/6/2023	ALV Autoliv	Downgrade	$116.00	Buy ➝ Hold	Low
10/4/2023	FOJCY Fortum Oyj	Downgrade	$4.00	Buy ➝ Hold	Low
9/28/2023	AXFOY Axfood AB (publ)	Downgrade	$27.00	Hold ➝ Sell	Low
9/19/2023	BLRDF Billerud AB (publ)	Upgrade	$12.00	Hold ➝ Buy	Low
8/30/2023	FSOYF WithSecure Oyj	Upgrade	$1.00	Hold ➝ Buy	Low
8/25/2023	TPDKY Topdanmark A/S	Upgrade	$5.00	Hold ➝ Buy	Low
8/25/2023	HUFAF Hufvudstaden AB (publ)	Upgrade	$12.00	Sell ➝ Hold	Low
8/21/2023	BOZTY Boozt AB (publ)	Upgrade	$10.00	Sell ➝ Hold	Low
8/10/2023	BOZTY Boozt AB (publ)	Downgrade	$10.00	Hold ➝ Sell	Low
8/7/2023	AMKBY A.P. Moller-Maersk	Downgrade	$9.00	Hold ➝ Sell	Low
8/3/2023	REVXF Revenio Group Oyj	Downgrade	$31.00	Buy ➝ Hold	Low
7/26/2023	DSDVY DSV	Downgrade	$120.00	Buy ➝ Hold	Low
7/21/2023	KKOYY Kesko Oyj	Upgrade	$12.00	Hold ➝ Buy	Low
7/21/2023	ATAZF Atea ASA	Upgrade	$12.00	Hold ➝ Buy	N/A
7/17/2023	AKRYY Akastor ASA	Downgrade	$7.00	Buy ➝ Hold	Low
6/22/2023	FSOYF WithSecure Oyj	Downgrade	$1.00	Hold ➝ Sell	Low
6/22/2023	VLMTY Valmet Oyj	Downgrade	$33.00	Buy ➝ Hold	N/A
6/21/2023	HSQVY Husqvarna AB (publ)	Upgrade	$11.00	Hold ➝ Buy	Low
6/12/2023	REVXF Revenio Group Oyj	Upgrade	$31.00	Hold ➝ Buy	N/A
6/9/2023	AKBLF ALK-Abelló A/S	Upgrade	$30.00	Hold ➝ Buy	N/A
5/10/2023	OUTKY Outokumpu	Upgrade	$2.00	Sell ➝ Hold	Low
5/10/2023	AKBLF ALK-Abelló A/S	Upgrade	$30.00	Sell ➝ Hold	N/A
5/9/2023	GRGSF Grieg Seafood ASA	Upgrade	$7.00	Hold ➝ Buy	Low
5/3/2023	TRMD Torm	Upgrade	$18.00	Hold ➝ Buy	Low
4/28/2023	IDDWF Indutrade AB (publ)	Upgrade	$26.00	Sell ➝ Hold	Low
4/28/2023	SICRF SimCorp A/S	Downgrade	$103.00	Buy ➝ Hold	Low
4/26/2023	AKRYY Akastor ASA	Upgrade	$7.00	Hold ➝ Buy	Low
4/26/2023	ALFVY Alfa Laval	Downgrade	$43.00	Buy ➝ Hold	Low
4/21/2023	NDCVF Nordic Semiconductor ASA	Downgrade	$14.00	Buy ➝ Sell	Low
4/21/2023	KNKBF Kinnevik	Upgrade	$2.00	Sell ➝ Hold	Low
4/18/2023	AKBLF ALK-Abelló A/S	Downgrade	$30.00	Buy ➝ Sell	N/A
4/18/2023	UPNRF Uponor Oyj	Upgrade	$29.00	Sell ➝ Buy	Low
4/14/2023	KHOTF Kahoot! ASA	Initiated Coverage	$4.00	Hold	Low
3/31/2023	HNNMY Hennes & Mauritz	Upgrade	$3.00	Hold ➝ Buy	Low
3/23/2023	ATLKY Atlas Copco	Upgrade	$16.00	Hold ➝ Buy	Low
3/10/2023	TRMD Torm	Downgrade	$18.00	Buy ➝ Hold	Low
2/23/2023	GMAB Genmab A/S	Upgrade	$21.00	Hold ➝ Buy	Low
2/17/2023	ADEVF Adevinta ASA	Downgrade	$11.00	Buy ➝ Hold	Low
2/17/2023	GRGSF Grieg Seafood ASA	Downgrade	$7.00	Buy ➝ Hold	Low
2/16/2023	FLNG Flex LNG	Downgrade	$23.00	Buy ➝ Hold	Low
2/13/2023	BOZTY Boozt AB (publ)	Upgrade	$10.00	Sell ➝ Hold	Low
2/9/2023	AMKBY A.P. Moller-Maersk	Upgrade	$9.00	Sell ➝ Hold	Low
2/9/2023	CCNTF Concentric AB (publ)	Downgrade	$22.00	Buy ➝ Hold	N/A
2/8/2023	WILYY Demant A/S	Upgrade	$21.00	Hold ➝ Buy	Low
2/6/2023	KNKBF Kinnevik	Downgrade	$2.00	Hold ➝ Sell	Low
2/3/2023	KKOYY Kesko Oyj	Downgrade	$12.00	Buy ➝ Hold	Low
2/1/2023	WRTBY Wartsila	Upgrade	$5.00	Hold ➝ Buy	Low
2/1/2023	EPOKY Epiroc AB (publ)	Downgrade	$20.00	Buy ➝ Hold	Low
12/22/2022	SSAAY SSAB	Downgrade	$3.00	Hold ➝ Sell	Low
12/15/2022	ELMUF Elisa Oyj	Downgrade	$54.00	Buy ➝ Sell	Low
12/9/2022	SKFRY AB SKF	Downgrade	$23.00	Buy ➝ Hold	N/A
11/22/2022	CCNTF Concentric AB (publ)	Downgrade	$22.00	Buy ➝ Hold	N/A
11/16/2022	ATLKY Atlas Copco	Downgrade	$16.00	Buy ➝ Hold	Low
11/15/2022	GRGSF Grieg Seafood ASA	Downgrade	$7.00	Buy ➝ Hold	N/A
11/4/2022	HRVFF Harvia Oyj	Upgrade	$59.00	Hold ➝ Buy	Low
11/2/2022	FLNG Flex LNG	Upgrade	$23.00	Hold ➝ Buy	N/A
11/1/2022	AKBLF ALK-Abelló A/S	Downgrade	$30.00	Buy ➝ Hold	N/A
10/11/2022	BOZTY Boozt AB (publ)	Upgrade	$10.00	Hold ➝ Buy	N/A
9/30/2022	ORINY Orion OYJ	Upgrade	$37.00	Hold ➝ Buy	Low
9/26/2022	AMKBY A.P. Moller-Maersk	Downgrade	$9.00	Hold ➝ Sell	Low
9/22/2022	FOJCY Fortum Oyj	Upgrade	$4.00	Hold ➝ Buy	Low
9/13/2022	SVCBF Svenska Cellulosa Aktiebolaget SCA (publ)	Upgrade	$13.00	Hold ➝ Buy	Low
9/13/2022	SEOAY Stora Enso Oyj	Upgrade	$11.00	Hold ➝ Buy	Low
9/13/2022	UPMMY UPM-Kymmene Oyj	Upgrade	$27.00	Hold ➝ Buy	Low
8/26/2022	SALRF SalMar ASA	Upgrade	$43.00	Hold ➝ Buy	Low
8/25/2022	FLNG Flex LNG	Downgrade	$23.00	Buy ➝ Hold	Low
8/10/2022	WILLF Demant A/S	Initiated Coverage	$42.00	Hold	Low
7/25/2022	SEOAY Stora Enso Oyj	Upgrade	$11.00	Sell ➝ Hold	Low
7/25/2022	HRVFF Harvia Oyj	Downgrade	$59.00	Buy ➝ Hold	Low
7/13/2022	TTALF Terveystalo Oyj	Downgrade	$13.00	Buy ➝ Hold	N/A