Norsk Hydro: upbeat after CMD and UBS analysis

(CercleFinance.com) - The stock is up nearly 3% following its CMD and a positive analysis from UBS.


UBS confirms its buy recommendation on the stock, with an unchanged target price of 85 Norwegian kroner, following the completion of its CMD 2024 by management.

In the analyst's opinion, the investor day brought mixed news, but no surprises.

'Norsk Hydro's CMD 2024 did not bring any major surprises. Our conclusions are mixed, but greater visibility on capital allocation and minority dividends is encouraging' says UBS.

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