Nordea Equity Research Analyst Recommendations & Stock Picks

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This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at Nordea Equity Research. These ratings and price targets were collected from public media reports and are believed to be accurate, but cannot be verified with 100% certainty. MarketBeat and its parent company are in no way affiliated with or endorsed by Nordea Equity Research.

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Company	Current Price	Rating Date	Action	Brokerage	Analyst	Rating	Price Target	Impact on Price	Details	Actions
GMAB Genmab A/S	$25.80 +0.1%	10/12/2023	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Genmab A/S (NASDAQ:GMAB) on 10/12/2023
WILYY Demant A/S	$24.84	8/8/2023	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Demant A/S (OTCMKTS:WILYY) on 8/8/2023
VLVLY AB Volvo (publ)	$25.38 +0.6%	7/20/2023	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of AB Volvo (publ) (OTCMKTS:VLVLY) on 7/20/2023
BIOVF Swedish Orphan Biovitrum AB (publ)	$26.33	4/14/2023	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Swedish Orphan Biovitrum AB (publ) (OTCMKTS:BIOVF) on 4/14/2023
NHYDY Norsk Hydro ASA	$6.07 +1.2%	2/15/2023	Upgraded by	Nordea Equity Research	-	Sell -> Hold		Low	View details for Nordea Equity Research rating of Norsk Hydro ASA (OTCMKTS:NHYDY) on 2/15/2023
EQNR Equinor ASA	$27.26 +0.8%	2/9/2023	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Equinor ASA (NYSE:EQNR) on 2/9/2023
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ALV Autoliv	$108.80 -2.9%	1/31/2023	Downgraded by	Nordea Equity Research	-	Buy -> Sell		Low	View details for Nordea Equity Research rating of Autoliv (NYSE:ALV) on 1/31/2023
EKTAY Elekta AB (publ)	$6.17 -1.3%	1/31/2023	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Elekta AB (publ) (OTCMKTS:EKTAY) on 1/31/2023
ALFVY Alfa Laval Corporate	$44.61	1/24/2023	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Alfa Laval Corporate (OTCMKTS:ALFVY) on 1/24/2023
SKFRY AB SKF (publ)	$20.17 -0.1%	12/14/2022	Downgraded by	Nordea Equity Research	-	Hold -> Sell		Low	View details for Nordea Equity Research rating of AB SKF (publ) (OTCMKTS:SKFRY) on 12/14/2022
TLSNY Telia Company AB (publ)	$5.07 +0.6%	10/24/2022	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Telia Company AB (publ) (OTCMKTS:TLSNY) on 10/24/2022
ORINY Orion Oyj	$21.31	10/13/2022	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Orion Oyj (OTCMKTS:ORINY) on 10/13/2022
AMKBY A.P. Møller - Mærsk A/S	$8.40 +0.6%	10/11/2022	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY) on 10/11/2022
SKFRY AB SKF (publ)	$20.17 -0.1%	9/30/2022	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of AB SKF (publ) (OTCMKTS:SKFRY) on 9/30/2022
NHYDY Norsk Hydro ASA	$6.07 +1.2%	9/26/2022	Downgraded by	Nordea Equity Research	-	Hold -> Sell		Low	View details for Nordea Equity Research rating of Norsk Hydro ASA (OTCMKTS:NHYDY) on 9/26/2022
NVZMY Novozymes A/S	$61.17 +4.0%	4/27/2022	Upgraded by	Nordea Equity Research	-	Sell -> Hold		High	View details for Nordea Equity Research rating of Novozymes A/S (OTCMKTS:NVZMY) on 4/27/2022
EPOKY Epiroc AB (publ)	$20.21 +0.9%	3/7/2022	Upgraded by	Nordea Equity Research	-	Hold -> Buy		High	View details for Nordea Equity Research rating of Epiroc AB (publ) (OTCMKTS:EPOKY) on 3/7/2022
BIOVF Swedish Orphan Biovitrum AB (publ)	$26.33	2/11/2022	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Swedish Orphan Biovitrum AB (publ) (OTCMKTS:BIOVF) on 2/11/2022
SVNLY Svenska Handelsbanken AB (publ)	$4.70 -0.6%	10/21/2021	Downgraded by	Nordea Equity Research	Analyst Jakob Brink	Hold -> Sell		Low	View details for Nordea Equity Research rating of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) on 10/21/2021
YARIY Yara International ASA	$14.14 +0.4%	10/21/2021	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Medium	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 10/21/2021
EQNR Equinor ASA	$27.26 +0.8%	9/20/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Medium	View details for Nordea Equity Research rating of Equinor ASA (NYSE:EQNR) on 9/20/2021
AMBBY Ambu A/S	$19.00 -3.7%	8/18/2021	Downgraded by	Nordea Equity Research	-	Hold -> Sell		High	View details for Nordea Equity Research rating of Ambu A/S (OTCMKTS:AMBBY) on 8/18/2021
ZLNDY Zalando	$12.16 -0.6%	6/18/2021	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Zalando (OTCMKTS:ZLNDY) on 6/18/2021
OTLY Oatly Group	$1.00	6/15/2021	Initiated by	Nordea Equity Research	-	Hold		Low	View details for Nordea Equity Research rating of Oatly Group (NASDAQ:OTLY) on 6/15/2021
YARIY Yara International ASA	$14.14 +0.4%	6/7/2021	Upgraded by	Nordea Equity Research	-	Sell -> Hold		High	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 6/7/2021
SEOAY Stora Enso Oyj	$13.47 +1.7%	5/5/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Medium	View details for Nordea Equity Research rating of Stora Enso Oyj (OTCMKTS:SEOAY) on 5/5/2021
WRTBY Wärtsilä Oyj Abp	$4.44	4/23/2021	Upgraded by	Nordea Equity Research	-	Hold -> Buy		High	View details for Nordea Equity Research rating of Wärtsilä Oyj Abp (OTCMKTS:WRTBY) on 4/23/2021
EQNR Equinor ASA	$27.26 +0.8%	4/22/2021	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Equinor ASA (NYSE:EQNR) on 4/22/2021
YARIY Yara International ASA	$14.14 +0.4%	4/7/2021	Downgraded by	Nordea Equity Research	-	Hold -> Sell		Low	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 4/7/2021
ALV Autoliv	$108.80 -2.9%	3/22/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Autoliv (NYSE:ALV) on 3/22/2021
ZLNDY Zalando	$12.16 -0.6%	2/24/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Medium	View details for Nordea Equity Research rating of Zalando (OTCMKTS:ZLNDY) on 2/24/2021
AMKBY A.P. Møller - Mærsk A/S	$8.40 +0.6%	2/8/2021	Downgraded by	Nordea Equity Research	-	Hold -> Sell		Low	View details for Nordea Equity Research rating of A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY) on 2/8/2021
ABBNY ABB	$57.90 +1.8%	2/5/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of ABB (NYSE:ABBNY) on 2/5/2021
LUNMF Lundin Mining	$10.55 -0.2%	2/4/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Lundin Mining (OTCMKTS:LUNMF) on 2/4/2021
SPOT Spotify Technology	$309.43 -0.6%	1/27/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Spotify Technology (NYSE:SPOT) on 1/27/2021
ERIC Telefonaktiebolaget LM Ericsson (publ)	$5.91 +0.9%	1/22/2021	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) on 1/22/2021
YARIY Yara International ASA	$14.14 +0.4%	1/12/2021	Downgraded by	Nordea Equity Research	-	Buy -> Hold		High	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 1/12/2021
ALFVY Alfa Laval Corporate	$44.61	11/13/2020	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Medium	View details for Nordea Equity Research rating of Alfa Laval Corporate (OTCMKTS:ALFVY) on 11/13/2020
SVCBY Svenska Cellulosa Aktiebolaget SCA (publ)	$18.20 +1.9%	9/28/2020	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBY) on 9/28/2020
HNNMY H & M Hennes & Mauritz AB (publ)	$3.63 +2.5%	9/16/2020	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Medium	View details for Nordea Equity Research rating of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) on 9/16/2020
This Weight Loss Company Can't Make Enough Product (Ad) A tiny pharmaceutical company is getting overwhelmed by a massive demand for its new weight loss marvel. They recently reported over 25,000 Americans are starting their drug each week - a 4X increase since December! Get the name of the company and their stock ticker here >>>
NHYDY Norsk Hydro ASA	$6.07 +1.2%	7/2/2020	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Norsk Hydro ASA (OTCMKTS:NHYDY) on 7/2/2020
TLSNY Telia Company AB (publ)	$5.07 +0.6%	6/26/2020	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Telia Company AB (publ) (OTCMKTS:TLSNY) on 6/26/2020
LOIMF Loomis AB (publ)	$24.24	5/4/2020	Upgraded by	Nordea Equity Research	-	Sell -> Hold		Low	View details for Nordea Equity Research rating of Loomis AB (publ) (OTCMKTS:LOIMF) on 5/4/2020
TLTZY Tele2 AB (publ)	$5.01 +0.8%	4/22/2020	Upgraded by	Nordea Equity Research	-	Sell -> Hold		Low	View details for Nordea Equity Research rating of Tele2 AB (publ) (OTCMKTS:TLTZY) on 4/22/2020
SKFRY AB SKF (publ)	$20.17 -0.1%	2/5/2020	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Medium	View details for Nordea Equity Research rating of AB SKF (publ) (OTCMKTS:SKFRY) on 2/5/2020
YARIY Yara International ASA	$14.14 +0.4%	8/30/2019	Upgraded by	Nordea Equity Research	Analyst Christian Kopfer	Hold -> Buy		High	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 8/30/2019
FRO Frontline	$24.68 +3.0%	8/28/2019	Upgraded by	Nordea Equity Research	-	Sell -> Buy		Low	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 8/28/2019
ALV Autoliv	$108.80 -2.9%	7/22/2019	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Autoliv (NYSE:ALV) on 7/22/2019
YARIY Yara International ASA	$14.14 +0.4%	6/20/2019	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 6/20/2019
NOK Nokia Oyj	$3.70 +0.3%	5/20/2019	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 5/20/2019
ALV Autoliv	$108.80 -2.9%	4/29/2019	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Autoliv (NYSE:ALV) on 4/29/2019
NOK Nokia Oyj	$3.70 +0.3%	3/20/2019	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 3/20/2019
NHYDY Norsk Hydro ASA	$6.07 +1.2%	3/15/2019	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Medium	View details for Nordea Equity Research rating of Norsk Hydro ASA (OTCMKTS:NHYDY) on 3/15/2019
NHYDY Norsk Hydro ASA	$6.07 +1.2%	2/8/2019	Downgraded by	Nordea Equity Research	-	Buy -> Hold		Low	View details for Nordea Equity Research rating of Norsk Hydro ASA (OTCMKTS:NHYDY) on 2/8/2019
GOGL Golden Ocean Group	$13.02 +0.9%	1/10/2019	Downgraded by	Nordea Equity Research	-	Hold -> Sell		Low	View details for Nordea Equity Research rating of Golden Ocean Group (NASDAQ:GOGL) on 1/10/2019
GOGL Golden Ocean Group	$13.02 +0.9%	10/23/2018	Downgraded by	Nordea Equity Research	-	Buy -> Hold		High	View details for Nordea Equity Research rating of Golden Ocean Group (NASDAQ:GOGL) on 10/23/2018
NEBLQ Noble	$0.05	9/28/2018	Upgraded by	Nordea Equity Research	-	Sell -> Hold		High	View details for Nordea Equity Research rating of Noble (OTCMKTS:NEBLQ) on 9/28/2018
SFL SFL	$13.28 +0.9%	9/6/2018	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of SFL (NYSE:SFL) on 9/6/2018
NOK Nokia Oyj	$3.70 +0.3%	7/27/2018	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Medium	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 7/27/2018
SPOT Spotify Technology	$309.43 -0.6%	6/27/2018	Initiated by	Nordea Equity Research	-	Buy		Medium	View details for Nordea Equity Research rating of Spotify Technology (NYSE:SPOT) on 6/27/2018
NOK Nokia Oyj	$3.70 +0.3%	5/29/2018	Downgraded by	Nordea Equity Research	-	Buy -> Hold		High	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 5/29/2018
RIG Transocean	$5.25 +0.8%	9/30/2017	Reiterated by	Nordea Equity Research	-	Buy	$14.00	High	View details for Nordea Equity Research rating of Transocean (NYSE:RIG) on 9/30/2017
GOGL Golden Ocean Group	$13.02 +0.9%	8/18/2017	Upgraded by	Nordea Equity Research	-	Hold -> Buy		Low	View details for Nordea Equity Research rating of Golden Ocean Group (NASDAQ:GOGL) on 8/18/2017
DSX Diana Shipping	$2.81 -1.1%	1/27/2017	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Diana Shipping (NYSE:DSX) on 1/27/2017
GLNG Golar LNG	$28.45 -0.7%	1/27/2017	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Golar LNG (NASDAQ:GLNG) on 1/27/2017
ABBNY ABB	$57.90 +1.8%	1/26/2017	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of ABB (NYSE:ABBNY) on 1/26/2017
GOGL Golden Ocean Group	$13.02 +0.9%	11/22/2016	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Golden Ocean Group (NASDAQ:GOGL) on 11/22/2016
GLNG Golar LNG	$28.45 -0.7%	6/1/2016	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Golar LNG (NASDAQ:GLNG) on 6/1/2016
NOK Nokia Oyj	$3.70 +0.3%	4/9/2016	Upgraded by	Nordea Equity Research	Analyst Sami Sarkamies	Buy		N/A	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 4/9/2016
NOK Nokia Oyj	$3.70 +0.3%	4/8/2016	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 4/8/2016
GOGL Golden Ocean Group	$13.02 +0.9%	3/22/2016	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Golden Ocean Group (NASDAQ:GOGL) on 3/22/2016
GFS G4S	GBX 244.80 -0.2%	2/5/2016	Reiterated by	Nordea Equity Research	-	Hold	GBX 226.84	N/A	View details for Nordea Equity Research rating of G4S (LON:GFS) on 2/5/2016
AMKBY A.P. Møller - Mærsk A/S	$8.40 +0.6%	1/14/2016	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY) on 1/14/2016
FRO Frontline	$24.68 +3.0%	1/14/2016	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 1/14/2016
AZN AstraZeneca	£122.44 -1.4%	1/13/2016	Reiterated by	Nordea Equity Research	-	Hold	GBX 4,698.35	N/A	View details for Nordea Equity Research rating of AstraZeneca (LON:AZN) on 1/13/2016
ENQ EnQuest	GBX 13.69 +0.7%	12/10/2015	Reiterated by	Nordea Equity Research	-	Hold	GBX 22.55	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 12/10/2015
GFS G4S	GBX 244.80 -0.2%	11/27/2015	Upgraded by	Nordea Equity Research	-	Hold	GBX 236.07	N/A	View details for Nordea Equity Research rating of G4S (LON:GFS) on 11/27/2015
ENQ EnQuest	GBX 13.69 +0.7%	11/24/2015	Reiterated by	Nordea Equity Research	-	Hold	GBX 30.30	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 11/24/2015
AZN AstraZeneca	$78.42 -1.1%	11/2/2015	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of AstraZeneca (NASDAQ:AZN) on 11/2/2015
AZN AstraZeneca	£122.44 -1.4%	11/2/2015	Downgraded by	Nordea Equity Research	-	Hold	GBX 4,375.55	N/A	View details for Nordea Equity Research rating of AstraZeneca (LON:AZN) on 11/2/2015
NOK Nokia Oyj	$3.70 +0.3%	9/1/2015	Upgraded by	Nordea Equity Research	-	Sell -> Hold		N/A	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 9/1/2015
YARIY Yara International ASA	$14.14 +0.4%	8/31/2015	Upgraded by	Nordea Equity Research	-	Buy		N/A	View details for Nordea Equity Research rating of Yara International ASA (OTCMKTS:YARIY) on 8/31/2015
NVZMY Novozymes A/S	$61.17 +4.0%	8/7/2015	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Novozymes A/S (OTCMKTS:NVZMY) on 8/7/2015
GFS G4S	GBX 244.80 -0.2%	8/6/2015	Reiterated by	Nordea Equity Research	-	Sell	GBX 252.34	N/A	View details for Nordea Equity Research rating of G4S (LON:GFS) on 8/6/2015
AZN AstraZeneca	£122.44 -1.4%	7/23/2015	Reiterated by	Nordea Equity Research	-	Buy	GBX 5,603.14	N/A	View details for Nordea Equity Research rating of AstraZeneca (LON:AZN) on 7/23/2015
SUBCY Subsea 7	$18.07 +1.5%	7/7/2015	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Subsea 7 (OTCMKTS:SUBCY) on 7/7/2015
SUBCY Subsea 7	$18.07 +1.5%	7/6/2015	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Subsea 7 (OTCMKTS:SUBCY) on 7/6/2015
AZN AstraZeneca	£122.44 -1.4%	7/3/2015	Reiterated by	Nordea Equity Research	-	Buy	GBX 5,693.61	N/A	View details for Nordea Equity Research rating of AstraZeneca (LON:AZN) on 7/3/2015
CABGY Carlsberg A/S	$27.31 +1.2%	6/30/2015	Upgraded by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of Carlsberg A/S (OTCMKTS:CABGY) on 6/30/2015
AMKBY A.P. Møller - Mærsk A/S	$8.40 +0.6%	6/12/2015	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY) on 6/12/2015
This Weight Loss Company Can't Make Enough Product (Ad) A tiny pharmaceutical company is getting overwhelmed by a massive demand for its new weight loss marvel. They recently reported over 25,000 Americans are starting their drug each week - a 4X increase since December! Get the name of the company and their stock ticker here >>>
FRO Frontline	$24.68 +3.0%	6/1/2015	Upgraded by	Nordea Equity Research	-	Sell -> Hold		N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 6/1/2015
SUBCY Subsea 7	$18.07 +1.5%	4/27/2015	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Subsea 7 (OTCMKTS:SUBCY) on 4/27/2015
GLNG Golar LNG	$28.45 -0.7%	3/27/2015	Downgraded by	Nordea Equity Research	Analyst Axel Styrman	Hold	$37.00	N/A	View details for Nordea Equity Research rating of Golar LNG (NASDAQ:GLNG) on 3/27/2015
ENQ EnQuest	GBX 13.69 +0.7%	3/18/2015	Upgraded by	Nordea Equity Research	-	Hold	GBX 38.61	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 3/18/2015
SDVKY Sandvik AB (publ)	$20.66 +0.3%	3/13/2015	Upgraded by	Nordea Equity Research	-	Hold		N/A	View details for Nordea Equity Research rating of Sandvik AB (publ) (OTCMKTS:SDVKY) on 3/13/2015
GLNG Golar LNG	$28.45 -0.7%	1/21/2015	Upgraded by	Nordea Equity Research	-	Hold -> Buy	$36.50 -> $37.00	N/A	View details for Nordea Equity Research rating of Golar LNG (NASDAQ:GLNG) on 1/21/2015
FRO Frontline	$24.68 +3.0%	1/21/2015	Downgraded by	Nordea Equity Research	-	Hold -> Sell	$6.60 -> $7.90	N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 1/21/2015
SDVKY Sandvik AB (publ)	$20.66 +0.3%	12/12/2014	Downgraded by	Nordea Equity Research	-	Sell		N/A	View details for Nordea Equity Research rating of Sandvik AB (publ) (OTCMKTS:SDVKY) on 12/12/2014
FRO Frontline	$24.68 +3.0%	11/25/2014	Upgraded by	Nordea Equity Research	-	Strong Sell -> Hold		N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 11/25/2014
FRO Frontline	$24.68 +3.0%	10/3/2014	Downgraded by	Nordea Equity Research	-	Sell -> Strong Sell		N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 10/3/2014
DSX Diana Shipping	$2.81 -1.1%	10/3/2014	Downgraded by	Nordea Equity Research	-	Hold -> Sell		N/A	View details for Nordea Equity Research rating of Diana Shipping (NYSE:DSX) on 10/3/2014
ENQ EnQuest	GBX 13.69 +0.7%	7/29/2014	Reiterated by	Nordea Equity Research	-	Hold	GBX 137.83	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 7/29/2014
ALV Autoliv	$108.80 -2.9%	7/9/2014	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Autoliv (NYSE:ALV) on 7/9/2014
GLNG Golar LNG	$28.45 -0.7%	7/3/2014	Upgraded by	Nordea Equity Research	-	Strong Sell -> Hold	$31.00 -> $63.00	N/A	View details for Nordea Equity Research rating of Golar LNG (NASDAQ:GLNG) on 7/3/2014
ENQ EnQuest	GBX 13.69 +0.7%	4/10/2014	Reiterated by	Nordea Equity Research	-	Buy	GBX 146.10	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 4/10/2014
CABGY Carlsberg A/S	$27.31 +1.2%	3/18/2014	Target Lowered by	Nordea Equity Research	-			N/A	View details for Nordea Equity Research rating of Carlsberg A/S (OTCMKTS:CABGY) on 3/18/2014
FRO Frontline	$24.68 +3.0%	2/28/2014	Upgraded by	Nordea Equity Research	-	Strong Sell -> Sell		N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 2/28/2014
NEBLQ Noble	$0.05	1/23/2014	Downgraded by	Nordea Equity Research	-	Hold -> Sell	$39.00 -> $33.00	N/A	View details for Nordea Equity Research rating of Noble (OTCMKTS:NEBLQ) on 1/23/2014
SFL SFL	$13.28 +0.9%	1/23/2014	Upgraded by	Nordea Equity Research	-	Hold -> Buy	$21.00	N/A	View details for Nordea Equity Research rating of SFL (NYSE:SFL) on 1/23/2014
RIG Transocean	$5.25 +0.8%	1/23/2014	Downgraded by	Nordea Equity Research	-	Hold -> Sell		N/A	View details for Nordea Equity Research rating of Transocean (NYSE:RIG) on 1/23/2014
ENQ EnQuest	GBX 13.69 +0.7%	11/18/2013	Reiterated by	Nordea Equity Research	-	Buy	GBX 150.15	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 11/18/2013
TDC Teradata	$32.94 -1.1%	10/29/2013	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Teradata (NYSE:TDC) on 10/29/2013
NOK Nokia Oyj	$3.70 +0.3%	10/22/2013	Downgraded by	Nordea Equity Research	-	Buy -> Sell		N/A	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 10/22/2013
AZN AstraZeneca	$78.42 -1.1%	9/16/2013	Upgraded by	Nordea Equity Research	-	Sell -> Buy		N/A	View details for Nordea Equity Research rating of AstraZeneca (NASDAQ:AZN) on 9/16/2013
DSX Diana Shipping	$2.81 -1.1%	9/16/2013	Downgraded by	Nordea Equity Research	-	Hold -> Sell		N/A	View details for Nordea Equity Research rating of Diana Shipping (NYSE:DSX) on 9/16/2013
ERIC Telefonaktiebolaget LM Ericsson (publ)	$5.91 +0.9%	7/19/2013	Downgraded by	Nordea Equity Research	-	Hold -> Sell		N/A	View details for Nordea Equity Research rating of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) on 7/19/2013
ENQ EnQuest	GBX 13.69 +0.7%	7/2/2013	Reiterated by	Nordea Equity Research	-	Buy	GBX 142.93	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 7/2/2013
ELUXY AB Electrolux (publ)	$17.97 +0.8%	6/18/2013	Reiterated by	Nordea Equity Research	-	Sell	$160.00	N/A	View details for Nordea Equity Research rating of AB Electrolux (publ) (OTCMKTS:ELUXY) on 6/18/2013
ABBNY ABB	$57.90 +1.8%	6/18/2013	Reiterated by	Nordea Equity Research	-	Hold -> Buy		N/A	View details for Nordea Equity Research rating of ABB (NYSE:ABBNY) on 6/18/2013
AZN AstraZeneca	£122.44 -1.4%	4/23/2013	Reiterated by	Nordea Equity Research	-	Sell	GBX 300	N/A	View details for Nordea Equity Research rating of AstraZeneca (LON:AZN) on 4/23/2013
ALV Autoliv	$108.80 -2.9%	4/23/2013	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Autoliv (NYSE:ALV) on 4/23/2013
NOK Nokia Oyj	$3.70 +0.3%	4/19/2013	Downgraded by	Nordea Equity Research	-	Strong-Buy -> Buy		N/A	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 4/19/2013
ELUXY AB Electrolux (publ)	$17.97 +0.8%	4/19/2013	Reiterated by	Nordea Equity Research	-	Sell	$145.00	N/A	View details for Nordea Equity Research rating of AB Electrolux (publ) (OTCMKTS:ELUXY) on 4/19/2013
SFL SFL	$13.28 +0.9%	4/17/2013	Downgraded by	Nordea Equity Research	-	Strong-Buy -> Hold	$22.00 -> $18.00	N/A	View details for Nordea Equity Research rating of SFL (NYSE:SFL) on 4/17/2013
ENQ EnQuest	GBX 13.69 +0.7%	3/28/2013	Downgraded by	Nordea Equity Research	-	Buy	GBX 170.77	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 3/28/2013
ERIC Telefonaktiebolaget LM Ericsson (publ)	$5.91 +0.9%	3/19/2013	Downgraded by	Nordea Equity Research	-	Buy -> Hold		N/A	View details for Nordea Equity Research rating of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) on 3/19/2013
ENQ EnQuest	GBX 13.69 +0.7%	3/14/2013	Reiterated by	Nordea Equity Research	-	Strong-Buy	GBX 171.52	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 3/14/2013
NOK Nokia Oyj	$3.70 +0.3%	2/15/2013	Upgraded by	Nordea Equity Research	-	Buy -> Strong-Buy		N/A	View details for Nordea Equity Research rating of Nokia Oyj (NYSE:NOK) on 2/15/2013
FRO Frontline	$24.68 +3.0%	1/17/2013	Downgraded by	Nordea Equity Research	-	Sell	$9.00	N/A	View details for Nordea Equity Research rating of Frontline (NYSE:FRO) on 1/17/2013
DSX Diana Shipping	$2.81 -1.1%	1/17/2013	Downgraded by	Nordea Equity Research	-	Hold -> Sell	$6.25 -> $6.92	N/A	View details for Nordea Equity Research rating of Diana Shipping (NYSE:DSX) on 1/17/2013
ENQ EnQuest	GBX 13.69 +0.7%	12/5/2012	Upgraded by	Nordea Equity Research	-	Strong-Buy	GBX 168.01	N/A	View details for Nordea Equity Research rating of EnQuest (LON:ENQ) on 12/5/2012

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