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Neste: UBS upgrades stock

( - UBS has upgraded Neste shares from "hold" to "buy", given 30% upside potential for the Finnish refining group's shares, even after reducing its target price for them to E46 (from E50 previously).

After a detailed examination of the outlook in terms of supply and demand for renewable diesel and SAF (sustainable aviation fuel), in short the broker has its thumbs up for Neste.

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