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UBS has maintained a "Neutral" rating for Yara International with a target price of 350 Norwegian kroner. Analyst Priyanka Patel questions whether optimism for fertilizer companies is warranted, noting that urea prices may stabilize compared to potash, while advising caution with K+S due to potential earnings corrections.
Norway's economy experienced its fastest growth in nearly two years, with mainland GDP rising 0.5% in the last quarter, surpassing analysts' expectations of 0.3%. This acceleration supports predictions that the central bank may start easing borrowing costs in the first quarter.
UBS has raised its target price for DNB to 211 Norwegian kroner while maintaining a sell position. DNB Bank ASA, Norway"s leading financial group, generates 61.7% of its net banking income from investment banking, 35.2% from retail banking, and 3.1% from other services. As of the end of 2023, the group reported 1,422.9 billion NOK in deposits and 1,997.4 billion NOK in outstanding loans.
UBS has raised its target price for DNB to 211 Norwegian kroner, maintaining a sell recommendation. DNB Bank ASA, Norway"s leading financial group, has a banking product distribution of 61.7% in Corporate Banking, 35.2% in Retail Banking, and 3.1% in Other services. As of the end of 2023, the Group reported NOK 1,422.9 billion in current deposits and NOK 1,997.4 billion in current loans.
Austria"s reliance on Russian gas has ended abruptly as Gazprom ceased supplies, a significant shift for the nation that previously sourced 86% of its gas from Russia. However, the country was prepared, having filled storage facilities and identified alternative suppliers, including its own production in Norway. The market price remains stable despite the disruption.
Norwegian defense manufacturer Kongsberg Gruppen has secured a five-year missile contract worth approximately $904 million with the US Navy. The deal includes options that could increase its total value to around 12 billion Norwegian crowns. Kongsberg will supply its advanced Naval Strike Missile (NSM) under this agreement, marking the largest missile contract in the company's history.
The dollar surged on Friday, marking its strongest weekly performance since June, driven by Donald Trump's return to the White House. The Bloomberg Dollar Spot Index rose by 0.8%, causing significant declines in major currencies, including a 1.1% drop in the euro to $1.0687, and at least 1% losses for the Norwegian krone, Swedish krona, and Australian and New Zealand dollars.
Analysts have updated their recommendations and price targets for several companies. Notable changes include Jefferies lowering Adecco's target to CHF 29, Barclays reducing Air France-KLM's to EUR 8.50, and Stifel cutting Capgemini's to EUR 225. Rheinmetall's target was raised to EUR 640 by BNP Paribas Exane, while Exosens saw an increase to EUR 28.50 from Bernstein. Other adjustments include reductions for Engie, Legrand, and Solvay, reflecting varied market sentiments.
Norway's home prices continued to rise, with a seasonally-adjusted increase of 0.3% in October, marking the ninth gain in ten months. This trend aligns with the central bank's projections, as households in the energy-rich nation remain resilient despite high credit costs.
Norway is assembling a 66-person citizen's assembly to provide recommendations on the future use of the country's oil and gas wealth. The panel, representative of the population, will convene soon and is advised by notable figures including former finance minister Kristin Halvorsen and Knut Kjaer, the first CEO of Norway’s $1.8 trillion sovereign wealth fund.
Norwegian Krone
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ubs maintains neutral rating on yara international with stable fertilizer outlook
14:54 22.11.2024
rway's economy posts fastest growth in nearly two years
08:29 21.11.2024
ubs raises dnb target price to 211 kroner maintains sell position
10:24 20.11.2024
ubs raises dnb target price to 211 kroner maintains sell rating
10:24 20.11.2024
Austria ends reliance on Russian gas amid supply freeze from Gazprom
06:26 19.11.2024
Kongsberg secures 900 million dollar missile deal with US Navy
23:38 12.11.2024
dollar strengthens as major currencies decline amid political developments
Swedish Krona
Australian Dollar
United States Dollar
New Zealand Dollar
Norwegian Krone
USA
Donald Trump
19:26 08.11.2024
analysts update recommendations and price targets for major european companies
Euro
Norwegian Krone
Swiss Franc
SES S.A.
Renault SA
Legrand SA
Engie SA
Eurazeo SE
Verallia Société Anonyme
Barry Callebaut AG
Solvay SA
Compagnie de Saint-Gobain S.A.
ArcelorMittal S.A.
KBC Groupe
Air France-KLM SA
Adecco Group AG
EXOSENS
JCDecaux SE
Rheinmetall AG
Nemetschek SE
Sensirion Holding AG
Capgemini SE
UBS Group AG
Swiss Re AG
Vår Energi AS
Amadeus IT Group, S.A.
Show more
08:53 08.11.2024
norway home prices rise again supporting central bank forecasts
11:40 05.11.2024
norway engages citizens to shape future of oil wealth management
12:00 30.10.2024
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