Norsk Hydro: UBS still buying after CMD
(CercleFinance.com) - UBS confirms its Buy recommendation on the share, with an unchanged target price of 85 NOK, following management's 2024 CMD.
The analyst believes that this CMD brought mixed but unsurprising news.
Norsk Hydro's 2024 CMD did not bring any major surprises. Our conclusions are mixed, but greater visibility on capital allocation and minority dividends is encouraging, UBS says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The analyst believes that this CMD brought mixed but unsurprising news.
Norsk Hydro's 2024 CMD did not bring any major surprises. Our conclusions are mixed, but greater visibility on capital allocation and minority dividends is encouraging, UBS says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.