DNB Markets Stock Recommendations and Price Targets

This is a list of recent ratings by DNB Markets.

Date	Company Name	Action	Current Price	Price Target	Rating
3/9/2026	ATEN A10 Networks	Set Price Target	$22.00	$9.00
2/20/2026	TNK Teekay Tankers	Downgrade	$68.00		Buy ➝ Hold
9/10/2025	EE Excelerate Energy	Set Price Target	$35.00	$31.00
7/30/2025	NE Noble	Set Price Target	$48.00	$30.00
4/22/2025	GRGSF Grieg Seafood ASA	Upgrade	$7.00		Buy
4/22/2025	GLNG Golar LNG	Upgrade	$50.00	$48.00	Hold ➝ Buy
4/1/2025	DTNOF Dno Asa	Downgrade	$2.00		Hold
2/19/2025	GLNG Golar LNG	Downgrade	$50.00		Buy ➝ Hold
1/27/2025	SB Safe Bulkers	Upgrade	$6.00	$4.20	Hold ➝ Buy
11/29/2024	TDW Tidewater	Initiated Coverage	$75.00	$70.00	Buy
11/21/2024	SBLK Star Bulk Carriers	Upgrade	$23.00	$19.30 ➝ $20.20	Sell ➝ Hold
10/11/2024	SBLK Star Bulk Carriers	Downgrade	$23.00		Hold ➝ Sell
9/12/2024	NVGS Navigator	Initiated Coverage	$19.00	$22.00	Buy
9/3/2024	RIG Transocean	Upgrade	$7.00		Hold ➝ Buy
8/19/2024	HSHP Himalaya Shipping	Downgrade	$13.00		Hold ➝ Sell
7/3/2024	LPG Dorian LPG	Upgrade	$33.00	$52.00	Hold ➝ Buy
6/13/2024	SDVKY Sandvik	Upgrade	$36.00		Hold ➝ Buy
1/26/2024	LPG Dorian LPG	Downgrade	$33.00	$44.00	Buy ➝ Hold
11/8/2023	GMAB Genmab A/S	Upgrade	$25.00		Sell ➝ Buy
10/10/2023	CHYHY Chr. Hansen Holding A/S	Upgrade	$20.00		Hold ➝ Buy
10/10/2023	TELNY Telenor ASA	Downgrade	$18.00		Buy ➝ Sell
10/10/2023	NVZMY Novozymes A/S	Upgrade	$52.00		Hold ➝ Buy
10/9/2023	NENTF Viaplay Group AB (publ)	Upgrade	$0.00		Sell ➝ Hold
10/5/2023	BKFKF P/F Bakkafrost	Downgrade	$47.00		Buy ➝ Hold
10/4/2023	AKBLF ALK-Abelló A/S	Upgrade	$32.00		Hold ➝ Buy
10/4/2023	SKFRY AB SKF	Upgrade	$23.00		Hold ➝ Buy
10/4/2023	SDVKY Sandvik	Downgrade	$36.00		Buy ➝ Hold
10/3/2023	NOK Nokia	Upgrade	$8.00		Hold ➝ Buy
9/19/2023	PGEJF Pgs Asa	Upgrade	$1.00		Sell ➝ Hold
9/19/2023	TGSNF Tgs Asa	Downgrade	$12.00		Buy ➝ Hold
9/18/2023	VLVLY AB Volvo	Upgrade	$31.00		Hold ➝ Buy
8/31/2023	DNNGY Ørsted A/S	Upgrade	$7.00		Sell ➝ Hold
8/29/2023	PGEJF Pgs Asa	Downgrade	$1.00		Hold ➝ Sell
8/25/2023	HNNMY Hennes & Mauritz	Upgrade	$4.00		Hold ➝ Buy
8/11/2023	HLMNY Holmen AB (publ)	Downgrade	$21.00		Hold ➝ Sell
8/11/2023	NVO Novo Nordisk A/S	Downgrade	$37.00		Buy ➝ Hold
8/10/2023	CHYHY Chr. Hansen Holding A/S	Downgrade	$20.00		Buy ➝ Hold
8/7/2023	AMKBY A.P. Moller-Maersk	Downgrade	$14.00		Hold ➝ Sell
8/3/2023	HXGCF Hexagon Composites ASA	Downgrade	$1.00		Buy ➝ Hold
7/27/2023	HXGBY Hexagon	Upgrade	$10.00		Hold ➝ Buy
7/25/2023	NENTF Viaplay Group AB (publ)	Downgrade	$0.00		Hold ➝ Sell
7/18/2023	KNKBF Kinnevik	Upgrade	$2.00		Sell ➝ Hold
7/17/2023	KHOTF Kahoot! ASA	Downgrade	$4.00		Buy ➝ Sell
7/17/2023	AKRYY Akastor ASA	Downgrade	$9.00		Buy ➝ Hold
7/17/2023	HMNKF HMS Networks AB (publ)	Upgrade	$47.00		Hold ➝ Buy
7/17/2023	ELMUF Elisa Oyj	Upgrade	$44.00		Sell ➝ Hold
7/12/2023	PGEJF Pgs Asa	Upgrade	$1.00		Sell ➝ Hold
7/10/2023	CLPBY Coloplast A/S	Upgrade	$7.00		Hold ➝ Buy
7/10/2023	LPG Dorian LPG	Downgrade	$33.00	$26.90	Buy ➝ Hold
7/5/2023	TLTZY Tele2	Upgrade	$10.00		Hold ➝ Buy
7/4/2023	CWQXF Castellum AB (publ)	Initiated Coverage	$12.00		Buy ➝ Buy
6/29/2023	ALFVY Alfa Laval	Upgrade	$55.00		Hold ➝ Buy
6/27/2023	GRGSF Grieg Seafood ASA	Upgrade	$7.00		Hold ➝ Buy
6/21/2023	HSQVY Husqvarna AB (publ)	Upgrade	$8.00		Sell ➝ Hold
6/20/2023	HXGBY Hexagon	Downgrade	$10.00		Buy ➝ Hold
6/20/2023	GNGBY Getinge	Downgrade	$19.00		Buy ➝ Hold
6/15/2023	SEOAY Stora Enso Oyj	Downgrade	$11.00		Buy ➝ Hold
6/14/2023	BDNNY Boliden AB (publ)	Downgrade	$120.00		Buy ➝ Hold
6/12/2023	WSSTF Western Bulk Chartering AS	Upgrade	$2.00		Hold ➝ Buy
6/9/2023	SALRF SalMar ASA	Upgrade	$56.00		Hold ➝ Buy
6/8/2023	NENTF Viaplay Group AB (publ)	Downgrade	$0.00		Buy ➝ Hold
6/8/2023	NSKFF Kongsberg Gruppen ASA	Initiated Coverage	$43.00		Buy ➝ Buy
6/7/2023	HLMNY Holmen AB (publ)	Downgrade	$21.00		Buy ➝ Hold
5/25/2023	SALRF SalMar ASA	Downgrade	$56.00		Buy ➝ Hold
5/17/2023	GRGSF Grieg Seafood ASA	Downgrade	$7.00		Buy ➝ Hold
5/4/2023	YITYY YIT Oyj	Downgrade	$2.00		Hold ➝ Sell
5/4/2023	NLTBF Nolato AB (publ)	Upgrade	$7.00		Hold ➝ Buy
4/28/2023	SSHPF Vow ASA	Upgrade	$0.00		Hold ➝ Buy
4/27/2023	GNGBY Getinge	Upgrade	$19.00		Hold ➝ Buy
4/26/2023	KHOTF Kahoot! ASA	Upgrade	$4.00		Hold ➝ Buy
4/18/2023	AKBLF ALK-Abelló A/S	Downgrade	$32.00		Buy ➝ Hold
4/16/2023	TLTZY Tele2	Downgrade	$10.00		Buy ➝ Hold
4/13/2023	BLRDF Billerud AB (publ)	Upgrade	$8.00		Hold ➝ Buy
4/12/2023	ARHVF Archer	Initiated Coverage	$3.00		Buy ➝ Buy
4/6/2023	IDTVF AB Industrivärden (publ)	Upgrade	$42.00		Hold ➝ Buy
3/30/2023	ERIC Ericsson	Upgrade	$11.00		Hold ➝ Buy
3/27/2023	TGSGY Tgs Asa	Upgrade	$13.00		Hold ➝ Buy
3/24/2023	XXLLY Xxl Asa	Initiated Coverage	$7.00		Hold ➝ Hold
3/23/2023	SUSRF Surgical Science Sweden AB (publ)	Initiated Coverage	$3.00		Buy
3/22/2023	AXFOF Axfood AB (publ)	Upgrade	$24.00		Hold ➝ Buy