Norsk Hydro: up, broker confirms its recommendation

(CercleFinance.com) - Norsk Hydro is up more than 3% in London, following the CMD 2024 (investor day) organized by management.
Against this backdrop, UBS has confirmed its buy recommendation on the stock, with an unchanged target price of NOK 85.

The analyst believes that the investor day brought mixed news, but no surprises.

'Norsk Hydro's CMD 2024 brought no major surprises. Our conclusions are mixed, but greater visibility on capital allocation and minority dividends is encouraging' says UBS.

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