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
4/24/2026	NOK Nokia	Upgrade	$13.00		Hold ➝ Buy
4/16/2026	NSKFF Kongsberg Gruppen ASA	Downgrade	$34.00		Buy ➝ Hold
4/15/2026	SDVKY Sandvik	Upgrade	$42.00		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	$44.00		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	$34.00		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	$38.00		Hold ➝ Buy
7/23/2025	ALFVY Alfa Laval	Upgrade	$60.00		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	$40.00		Hold ➝ Buy
2/4/2025	ORINY Orion OYJ	Downgrade	$38.00		Hold
10/12/2023	GMAB Genmab A/S	Downgrade	$26.00		Buy ➝ Hold
9/12/2023	GJNSY Gjensidige Forsikring ASA	Upgrade	$28.00		Hold ➝ Buy
8/31/2023	DNNGY Ørsted A/S	Downgrade	$9.00		Buy ➝ Hold
8/29/2023	VWDRY Vestas Wind Systems AS	Upgrade	$10.00		Hold ➝ Buy
8/25/2023	NLTBF Nolato AB (publ)	Upgrade	$7.00		Hold ➝ Buy
8/22/2023	ELKEF Elkem ASA	Downgrade	$3.00		Buy ➝ Hold
8/8/2023	WILYY Demant A/S	Upgrade	$16.00		Hold ➝ Buy
7/31/2023	FOJCY Fortum Oyj	Upgrade	$5.00		Hold ➝ Buy
7/20/2023	VLVLY AB Volvo	Downgrade	$35.00		Buy ➝ Hold
7/17/2023	EQBBF EQT AB (publ)	Upgrade	$32.00		Hold ➝ Buy
7/6/2023	HSQVY Husqvarna AB (publ)	Upgrade	$10.00		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
6/7/2023	NENTF Viaplay Group AB (publ)	Downgrade	$0.00		Buy ➝ Hold
6/6/2023	SREDY Storebrand ASA	Downgrade	$32.00		Buy ➝ Hold
6/6/2023	REVXF Revenio Group Oyj	Upgrade	$19.00		Hold ➝ Buy
5/23/2023	LYSFY Lerøy Seafood Group ASA	Downgrade	$10.00		Buy ➝ Hold
5/12/2023	RKWBF Rockwool A/S	Downgrade	$29.00		Hold ➝ Sell
5/12/2023	SALRF SalMar ASA	Downgrade	$56.00		Buy ➝ Hold
5/10/2023	ORKLY Orkla Asa	Upgrade	$12.00		Hold ➝ Buy
5/5/2023	BKFKF P/F Bakkafrost	Downgrade	$47.00		Buy ➝ Hold