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	Impact on Share Price
11/8/2023	GMAB Genmab A/S	Upgrade	$32.00		Sell ➝ Buy	Low
10/10/2023	TELNY Telenor ASA	Downgrade	$11.00		Buy ➝ Sell	Low
10/10/2023	CHYHY Chr. Hansen Holding A/S	Upgrade	$20.00		Hold ➝ Buy	Low
10/10/2023	NVZMY Novozymes A/S	Upgrade	$52.00		Hold ➝ Buy	Low
10/9/2023	NENTF Viaplay Group AB (publ)	Upgrade	$1.00		Sell ➝ Hold	Low
10/5/2023	BKFKF P/F Bakkafrost	Downgrade	$47.00		Buy ➝ Hold	Low
10/4/2023	AKBLF ALK-Abelló A/S	Upgrade	$11.00		Hold ➝ Buy	N/A
10/4/2023	SKFRY AB SKF (publ)	Upgrade	$19.00		Hold ➝ Buy	Low
10/4/2023	SDVKY Sandvik AB (publ)	Downgrade	$20.00		Buy ➝ Hold	Low
10/3/2023	NOK Nokia Oyj	Upgrade	$3.00		Hold ➝ Buy	Low
9/19/2023	PGEJF Pgs Asa	Upgrade	$1.00		Sell ➝ Hold	Low
9/19/2023	TGSNF Tgs Asa	Downgrade	$13.00		Buy ➝ Hold	Low
9/18/2023	VLVLY AB Volvo (publ)	Upgrade	$24.00		Hold ➝ Buy	Low
8/31/2023	DNNGY Ørsted A/S	Upgrade	$16.00		Sell ➝ Hold	Low
8/29/2023	PGEJF Pgs Asa	Downgrade	$1.00		Hold ➝ Sell	Low
8/25/2023	ASCJF Amsc Asa	Downgrade	$3.00		Buy ➝ Hold	Low
8/25/2023	HNNMY H & M Hennes & Mauritz AB (publ)	Upgrade	$3.00		Hold ➝ Buy	Low
8/14/2023	ONPPF Oncopeptides AB (publ)	Downgrade	$1.00		Buy ➝ Hold	N/A
8/11/2023	HLMNY Holmen AB (publ)	Downgrade	$21.00		Hold ➝ Sell	Low
8/11/2023	NVO Novo Nordisk A/S	Downgrade	$97.00		Buy ➝ Hold	Low
8/10/2023	CHYHY Chr. Hansen Holding A/S	Downgrade	$20.00		Buy ➝ Hold	Low
8/7/2023	AMKBY A.P. Møller - Mærsk A/S	Downgrade	$8.00		Hold ➝ Sell	Low
8/3/2023	HXGCF Hexagon Composites ASA	Downgrade	$2.00		Buy ➝ Hold	Low
8/3/2023	HXGCF Hexagon Composites ASA	Downgrade	$2.00		Buy ➝ Hold	Low
7/27/2023	HXGBY Hexagon AB (publ)	Upgrade	$11.00		Hold ➝ Buy	Low
7/25/2023	NENTF Viaplay Group AB (publ)	Downgrade	$1.00		Hold ➝ Sell	Low
7/18/2023	KNKBF Kinnevik	Upgrade	$9.00		Sell ➝ Hold	Low
7/17/2023	KHOTF Kahoot! ASA	Downgrade	$3.00		Buy ➝ Sell	Low
7/17/2023	AKRYY Akastor ASA	Downgrade	$8.00		Buy ➝ Hold	Low
7/17/2023	HMNKF HMS Networks AB (publ)	Upgrade	$34.00		Hold ➝ Buy	Low
7/17/2023	ELMUF Elisa Oyj	Upgrade	$45.00		Sell ➝ Hold	Low
7/12/2023	PGEJF Pgs Asa	Upgrade	$1.00		Sell ➝ Hold	N/A
7/10/2023	AVACF Avance Gas	Downgrade	$14.00		Buy ➝ Hold	Low
7/10/2023	CLPBY Coloplast A/S	Upgrade	$11.00		Hold ➝ Buy	Low
7/10/2023	LPG Dorian LPG	Downgrade	$39.00	$26.90	Buy ➝ Hold	Low
7/5/2023	TLTZY Tele2 AB (publ)	Upgrade	$4.00		Hold ➝ Buy	Low
7/4/2023	CWQXF Castellum AB (publ)	Initiated Coverage	$13.00		Buy ➝ Buy	Low
6/29/2023	ALFVY Alfa Laval Corporate	Upgrade	$37.00		Hold ➝ Buy	Low
6/27/2023	GRGSF Grieg Seafood ASA	Upgrade	$7.00		Hold ➝ Buy	Low
6/21/2023	HSQVY Husqvarna AB (publ)	Upgrade	$17.00		Sell ➝ Hold	Low
6/20/2023	HXGBY Hexagon AB (publ)	Downgrade	$11.00		Buy ➝ Hold	Low
6/20/2023	GNGBY Getinge AB (publ)	Downgrade	$22.00		Buy ➝ Hold	Low
6/15/2023	SEOAY Stora Enso Oyj	Downgrade	$13.00		Buy ➝ Hold	Low
6/14/2023	BDNNY Boliden AB (publ)	Downgrade	$57.00		Buy ➝ Hold	Low
6/12/2023	WSSTF Western Bulk Chartering AS	Upgrade	$2.00		Hold ➝ Buy	N/A
6/9/2023	SALRF SalMar ASA	Upgrade	$53.00		Hold ➝ Buy	Low
6/8/2023	NENTF Viaplay Group AB (publ)	Downgrade	$1.00		Buy ➝ Hold	Low
6/8/2023	NSKFF Kongsberg Gruppen ASA	Initiated Coverage	$45.00		Buy ➝ Buy	Low
6/7/2023	HLMNY Holmen AB (publ)	Downgrade	$21.00		Buy ➝ Hold	Low
5/25/2023	SALRF SalMar ASA	Downgrade	$53.00		Buy ➝ Hold	Low
5/17/2023	GRGSF Grieg Seafood ASA	Downgrade	$7.00		Buy ➝ Hold	Low
5/4/2023	YITYY YIT Oyj	Downgrade	$1.00		Hold ➝ Sell	Low
5/4/2023	NLTBF Nolato AB (publ)	Upgrade	$4.00		Hold ➝ Buy	Low
4/28/2023	SSHPF Vow ASA	Upgrade	$1.00		Hold ➝ Buy	Low
4/27/2023	GNGBY Getinge AB (publ)	Upgrade	$22.00		Hold ➝ Buy	Low
4/26/2023	BRRGF BerGenBio ASA	Downgrade	$0.00		Hold ➝ Sell	Low
4/26/2023	KHOTF Kahoot! ASA	Upgrade	$3.00		Hold ➝ Buy	Low
4/18/2023	AKBLF ALK-Abelló A/S	Downgrade	$11.00		Buy ➝ Hold	N/A
4/18/2023	EURN Euronav	Boost Price Target	$18.00	$20.50 ➝ $23.00		Low
4/16/2023	TLTZY Tele2 AB (publ)	Downgrade	$4.00		Buy ➝ Hold	Low
4/13/2023	BLRDF Billerud AB (publ)	Upgrade	$9.00		Hold ➝ Buy	Low
4/12/2023	ARHVF Archer	Initiated Coverage	$0.00		Buy ➝ Buy	N/A
4/6/2023	IDTVF AB Industrivärden (publ)	Upgrade	$25.00		Hold ➝ Buy	Low
4/6/2023	IDTVF AB Industrivärden (publ)	Upgrade	$25.00		Hold ➝ Buy	Low
3/30/2023	ERIC Telefonaktiebolaget LM Ericsson (publ)	Upgrade	$6.00		Hold ➝ Buy	Low
3/27/2023	TGSGY Tgs Asa	Upgrade	$11.00		Hold ➝ Buy	Low
3/24/2023	XXLLY Xxl Asa	Initiated Coverage	$0.00		Hold ➝ Hold	Low
3/23/2023	SUSRF Surgical Science Sweden AB (publ)	Initiated Coverage	$12.00		Buy	Low
3/22/2023	AXFOF Axfood AB (publ)	Upgrade	$28.00		Hold ➝ Buy	Low
3/17/2023	AKRTF Aker Solutions ASA	Upgrade	$4.00		Hold ➝ Buy	Low
3/14/2023	DNNGY Ørsted A/S	Initiated Coverage	$16.00		Sell	Low
3/10/2023	PSKRF Protector Forsikring ASA	Initiated Coverage	$10.00		Buy	Low
3/2/2023	AMBBY Ambu A/S	Upgrade	$13.00		Hold ➝ Buy	Low
2/24/2023	SSHPF Vow ASA	Downgrade	$1.00		Buy ➝ Hold	Low
2/21/2023	WSSTF Western Bulk Chartering AS	Downgrade	$2.00		Buy ➝ Hold	N/A
2/20/2023	CRAYF Crayon Group Holding ASA	Downgrade	$7.00		Buy ➝ Hold	N/A
2/14/2023	SFL SFL	Downgrade	$11.00		Buy ➝ Hold	Low
2/7/2023	MPZZF MPC Container Ships ASA	Downgrade	$1.00		Buy ➝ Hold	Low
2/7/2023	FBGGF Fabege AB (publ)	Downgrade	$9.00		Buy ➝ Hold	Low
2/3/2023	ALFVY Alfa Laval Corporate	Downgrade	$37.00		Buy ➝ Hold	Low
2/2/2023	EPOKY Epiroc AB (publ)	Downgrade	$19.00		Buy ➝ Hold	Low
2/1/2023	HSQVY Husqvarna AB (publ)	Downgrade	$17.00		Hold ➝ Sell	Low
1/30/2023	HXPLF HEXPOL AB (publ)	Downgrade	$11.00		Buy ➝ Hold	Low
1/27/2023	HMNKF HMS Networks AB (publ)	Downgrade	$34.00		Buy ➝ Hold	Low
1/24/2023	KKOYY Kesko Oyj	Initiated Coverage	$10.00		Buy	Low
1/17/2023	NOK Nokia Oyj	Downgrade	$3.00		Buy ➝ Hold	Low
1/17/2023	ERIC Telefonaktiebolaget LM Ericsson (publ)	Downgrade	$6.00		Hold ➝ Sell	Low
1/11/2023	ELKEF Elkem ASA	Downgrade	$2.00		Buy ➝ Hold	Low
1/6/2023	EQNR Equinor ASA	Upgrade	$31.00		Hold ➝ Buy	Low
12/30/2022	GNGBY Getinge AB (publ)	Downgrade	$22.00		Buy ➝ Hold	Low
12/28/2022	CHYHY Chr. Hansen Holding A/S	Upgrade	$20.00		Hold ➝ Buy	Low
12/22/2022	HMNKF HMS Networks AB (publ)	Upgrade	SEK 34	SEK 310 ➝ SEK 375	Hold ➝ Buy	Low
12/21/2022	BLRDF Billerud AB (publ)	Downgrade	SEK 9	SEK 215 ➝ SEK 150	Buy ➝ Hold	Low
12/13/2022	CHYHY Chr. Hansen Holding A/S	Downgrade	$20.00		Buy ➝ Hold	Low
12/13/2022	NVZMY Novozymes A/S	Upgrade	$52.00		Sell ➝ Hold	Low
12/5/2022	IDDTF Industrivarden	Downgrade	$26.00		Buy ➝ Hold	N/A
12/2/2022	KNKBF Kinnevik	Downgrade	$9.00		Hold ➝ Sell	Low
11/25/2022	LBGUF L E Lundbergföretagen AB (publ)	Downgrade	$48.00		Buy ➝ Hold	Low
11/17/2022	BOZTY Boozt AB (publ)	Downgrade	$9.00		Buy ➝ Hold	Low
11/11/2022	SALRF SalMar ASA	Upgrade	$53.00		Hold ➝ Buy	Low