SEB Equity Research Stock Recommendations and Price Targets

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

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
9/21/2022	ALV Autoliv	Downgrade	$103.00		Hold	Low
6/8/2022	FLNG FLEX LNG	Downgrade	$29.00	$280.00	Buy ➝ Hold	Medium
4/22/2022	BITGF Biotage AB (publ)	Downgrade	$12.00	$236.00	Hold	N/A
10/15/2021	DDRLF Drilling Company of 1972 A/S	Upgrade	$36.00	$300.00	Buy	N/A
7/7/2021	CALT Calliditas Therapeutics AB (publ)	Initiated Coverage	$18.00		Buy	High
6/14/2021	IVSBF Investor AB (publ)	Downgrade	$21.00		Buy ➝ Hold	Low
6/2/2021	SBLK Star Bulk Carriers	Initiated Coverage	$21.00		Buy	Medium
6/1/2021	NWARF Norwegian Air Shuttle ASA	Upgrade	$1.00		Sell ➝ Buy	Low
5/21/2021	TPDKY Topdanmark A/S	Downgrade	$4.00		Buy ➝ Hold	N/A
5/5/2021	BIOVF Swedish Orphan Biovitrum AB (publ)	Downgrade	$21.00		Buy ➝ Hold	Low
4/30/2021	NOK Nokia Oyj	Upgrade	$3.00		Hold ➝ Buy	Low
4/26/2021	DNNGY Ørsted A/S	Upgrade	$16.00		Hold ➝ Buy	Low
4/26/2021	REVXF Revenio Group Oyj	Upgrade	$35.00		Hold ➝ Buy	Low
4/23/2021	THUPY Thule Group AB (publ)	Downgrade	$13.00		Buy ➝ Hold	Low
4/21/2021	SDVKY Sandvik AB (publ)	Downgrade	$20.00		Buy ➝ Hold	Medium
4/19/2021	FNNNF Finnair Oyj	Downgrade	$0.00		Buy ➝ Hold	High
4/19/2021	TRATF Traton	Upgrade	$22.00		Hold ➝ Buy	Low
3/15/2021	ERIC Telefonaktiebolaget LM Ericsson (publ)	Upgrade	$5.00		Buy	Low
3/11/2021	GNGBY Getinge AB (publ)	Upgrade	$22.00		Hold ➝ Buy	Low
2/12/2021	TIGO Millicom International Cellular	Initiated Coverage	$16.00		Buy	Low
1/27/2021	ARRJF Arjo AB (publ)	Downgrade	$4.00		Buy ➝ Hold	N/A
1/27/2021	ALV Autoliv	Downgrade	$103.00		Buy ➝ Hold	Low
1/26/2021	BLRDF Billerud AB (publ)	Downgrade	$9.00		Buy ➝ Hold	High
1/13/2021	DNNGY Ørsted A/S	Downgrade	$16.00		Buy ➝ Hold	Low
12/16/2020	OUTKY Outokumpu Oyj	Upgrade	$2.00		Hold ➝ Buy	Low
12/10/2020	HSQVY Husqvarna AB (publ)	Upgrade	$16.00		Hold ➝ Buy	Low