Neste: UBS upgrades stock
(CercleFinance.com) - 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.
Copyright (c) 2023 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.