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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