Norsk Hydro: shares up in Oslo on UBS upgrade
(CercleFinance.com) - Shares in Norsk Hydro are currently up 1.
1% at 54.3 Norwegian kronor after UBS upgraded the stock from "neutral" to "buy," while lifting its target price to 70 Norwegian kronor, from 60 Norwegian kronor previously.
In a research note, UBS analysts say a recent statement from Brazilian authorities has increased their confidence that the Alunorte aluminium plant will restart in the second halft of the year, creating a positive catalyst for the shares.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1% at 54.3 Norwegian kronor after UBS upgraded the stock from "neutral" to "buy," while lifting its target price to 70 Norwegian kronor, from 60 Norwegian kronor previously.
In a research note, UBS analysts say a recent statement from Brazilian authorities has increased their confidence that the Alunorte aluminium plant will restart in the second halft of the year, creating a positive catalyst for the shares.
Copyright (c) 2018 CercleFinance.com. All rights reserved.