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
7/21/2026	HMNTY Hemnet Group	Upgrade	$10.00		Buy
6/19/2026	NVO Novo Nordisk A/S	Upgrade	$47.00		Hold ➝ Buy
5/27/2026	EQR Equity Residential	Upgrade	$67.00		Buy
5/7/2026	NSKFF Kongsberg Gruppen ASA	Upgrade	$32.00		Hold ➝ Buy
4/24/2026	NOK Nokia	Upgrade	$9.00		Hold ➝ Buy
4/16/2026	NSKFF Kongsberg Gruppen ASA	Downgrade	$32.00		Buy ➝ Hold
4/15/2026	SDVKY Sandvik	Upgrade	$37.00		Hold
4/9/2026	DNBBY DNB Bank ASA	Upgrade	$32.00		Buy
2/24/2026	NVO Novo Nordisk A/S	Downgrade	$47.00		Hold
1/30/2026	AMKBY A.P. Moller-Maersk	Downgrade	$13.00		Buy ➝ Sell
1/28/2026	HMNKF HMS Networks AB (publ)	Upgrade	$49.00		Buy
12/4/2025	NRDBY Nordea Bank	Downgrade	$20.00		Buy ➝ Neutral
11/6/2025	NRDBY Nordea Bank	Upgrade	$20.00		Reduce ➝ Buy
10/31/2025	NSKFF Kongsberg Gruppen ASA	Upgrade	$32.00		Buy
10/22/2025	GNGBY Getinge	Upgrade	$25.00		Hold ➝ Buy
10/20/2025	TMRAY Tomra Systems ASA	Upgrade	$11.00		Buy
10/6/2025	ORINY Orion OYJ	Upgrade	$43.00		Hold ➝ Buy
7/23/2025	ALFVY Alfa Laval	Upgrade	$59.00		Sell ➝ Hold
5/22/2025	THUPY Thule Group AB (publ)	Upgrade	$11.00		Hold ➝ Buy
5/21/2025	NRDBY Nordea Bank	Downgrade	$20.00		Buy ➝ Reduce
4/23/2025	SSAAY SSAB	Downgrade	$5.00		Hold
2/6/2025	EQNR Equinor ASA	Upgrade	$41.00		Hold ➝ Buy
2/4/2025	ORINY Orion OYJ	Downgrade	$43.00		Hold
10/12/2023	GMAB Genmab A/S	Downgrade	$29.00		Buy ➝ Hold
9/12/2023	GJNSY Gjensidige Forsikring ASA	Upgrade	$30.00		Hold ➝ Buy
8/31/2023	DNNGY Ørsted A/S	Downgrade	$7.00		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	$21.00		Hold ➝ Buy