Nordea Equity Research Stock Recommendations and Price Targets

This is a list of recent ratings by Nordea Equity Research.

Date	Company Name	Action	Current Price	Price Target	Rating
5/27/2026	EQR Equity Residential	Upgrade	$65.00		Buy
5/7/2026	NSKFF Kongsberg Gruppen ASA	Upgrade	$30.00		Hold ➝ Buy
4/24/2026	NOK Nokia	Upgrade	$14.00		Hold ➝ Buy
4/16/2026	NSKFF Kongsberg Gruppen ASA	Downgrade	$30.00		Buy ➝ Hold
4/15/2026	SDVKY Sandvik	Upgrade	$41.00		Hold
4/9/2026	DNBBY DNB Bank ASA	Upgrade	$30.00		Buy
2/24/2026	NVO Novo Nordisk A/S	Downgrade	$44.00		Hold
1/30/2026	AMKBY A.P. Moller-Maersk	Downgrade	$12.00		Buy ➝ Sell
1/28/2026	HMNKF HMS Networks AB (publ)	Upgrade	$60.00		Buy
12/4/2025	NRDBY Nordea Bank	Downgrade	$19.00		Buy ➝ Neutral
11/6/2025	NRDBY Nordea Bank	Upgrade	$19.00		Reduce ➝ Buy
10/31/2025	NSKFF Kongsberg Gruppen ASA	Upgrade	$30.00		Buy
10/22/2025	GNGBY Getinge	Upgrade	$20.00		Hold ➝ Buy
10/20/2025	TMRAY Tomra Systems ASA	Upgrade	$10.00		Buy
10/6/2025	ORINY Orion OYJ	Upgrade	$39.00		Hold ➝ Buy
7/23/2025	ALFVY Alfa Laval	Upgrade	$57.00		Sell ➝ Hold
5/22/2025	THUPY Thule Group AB (publ)	Upgrade	$12.00		Hold ➝ Buy
5/21/2025	NRDBY Nordea Bank	Downgrade	$19.00		Buy ➝ Reduce
4/23/2025	SSAAY SSAB	Downgrade	$5.00		Hold
2/6/2025	EQNR Equinor ASA	Upgrade	$34.00		Hold ➝ Buy
2/4/2025	ORINY Orion OYJ	Downgrade	$39.00		Hold
10/12/2023	GMAB Genmab A/S	Downgrade	$25.00		Buy ➝ Hold
9/12/2023	GJNSY Gjensidige Forsikring ASA	Upgrade	$27.00		Hold ➝ Buy
8/31/2023	DNNGY Ørsted A/S	Downgrade	$8.00		Buy ➝ Hold
8/29/2023	VWDRY Vestas Wind Systems AS	Upgrade	$9.00		Hold ➝ Buy
8/25/2023	NLTBF Nolato AB (publ)	Upgrade	$5.00		Hold ➝ Buy
8/22/2023	ELKEF Elkem ASA	Downgrade	$3.00		Buy ➝ Hold
8/8/2023	WILYY Demant A/S	Upgrade	$19.00		Hold ➝ Buy
7/31/2023	FOJCY Fortum Oyj	Upgrade	$4.00		Hold ➝ Buy
7/20/2023	VLVLY AB Volvo	Downgrade	$33.00		Buy ➝ Hold
7/17/2023	EQBBF EQT AB (publ)	Upgrade	$30.00		Hold ➝ Buy
7/6/2023	HSQVY Husqvarna AB (publ)	Upgrade	$8.00		Sell ➝ Hold
7/3/2023	TPDKY Topdanmark A/S	Downgrade	$5.00		Buy ➝ Hold
6/22/2023	OSSFF Embla Medical hf.	Initiated Coverage	$4.00		Buy
6/20/2023	NDCVF Nordic Semiconductor ASA	Upgrade	$20.00		Sell ➝ Buy