1. No category

23 April 2017
Swedbank recommendation tracking list
Issuer
ABB
AstraZeneca
Axfood
BillerudKorsnäs
Elisa
Evolution Gaming Group
Fingerprint Cards AB
NetEnt
SOBI
Noble Corp.
Rowan Companies Inc
Songa Offshore
Assa Abloy
Electrolux
Outokumpu
Kid
Lundin Petroleum
Orkla
Tallinna Kaubamaja
Alfa Laval
Boliden
Ericsson
Fagerhult
Hexpol
Lundin Mining
New Wave
Nokia
Telia Company
Entra
Lundin Petroleum
Prosafe
Scatec Solar ASA
Baltic Horizon
LHV Group
Siauliu Bankas
Betsson
Catena Media
Evolution Gaming Group
Hexagon
Kindred
NetEnt
SCA
Olympic Entertainment Group
Date of dissemination
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-21
2017-04-20
2017-04-20
2017-04-20
2017-04-20
2017-04-20
2017-04-20
2017-04-20
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-19
2017-04-18
2017-04-18
2017-04-18
2017-04-18
2017-04-18
2017-04-18
2017-04-18
2017-04-18
Analyst's name
Anders Roslund, Mats Liss
Johan Unnerus
Stefan Olsson
Ola Södermark
Stefan Wård, Stefan Olsson
Mathias Lundberg
Mathias Lundberg
Mathias Lundberg
Johan Unnerus
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Anders Roslund, Mats Liss
Anders Roslund, Mats Liss
Ola Södermark
Hans Marius Lee Ludvigsen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Hans Marius Lee Ludvigsen
Marek Randma
Anders Roslund, Mats Liss
Ola Södermark, Mats Liss
Mathias Lundberg, Stefan Wård
Mats Liss
Mats Liss
Ola Södermark, Mats Liss
Stefan Olsson
Mathias Lundberg, Stefan Wård
Stefan Olsson, Stefan Wård
André Buhagen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Andreas Bertheussen
Andrej Rodionov, CFA
Andrej Rodionov, CFA
Andrej Rodionov, CFA
Mathias Lundberg
Mathias Lundberg
Mathias Lundberg
Mathias Lundberg, Anders Roslund
Mathias Lundberg
Mathias Lundberg
Ola Södermark
Marek Randma
Price Target
SEK 240
SEK 540
SEK 166
SEK 160
EUR 31.0
EUR 41.2
SEK 50.0
SEK 88.0
SEK 135
USD 7.00
USD 15.0
NOK 38.0
SEK 205
SEK 275
EUR 9.50
NOK 46.0
SEK 160
NOK 78.0
EUR 8.80
SEK 175
SEK 310
SEK 48.0
SEK 310
SEK 100
SEK 54.0
SEK 66.0
EUR 4.50
SEK 43.0
NOK 105
SEK 160
NOK 45.0
NOK 48.0
EUR
EUR
SEK
EUR
EUR
SEK
SEK
SEK
SEK
EUR
9.80
0.52
85.0
12.6
38.0
355
107
88.0
330
1.95
Relevant
Market Price
SEK 204
SEK 536
SEK 141
SEK 141
EUR 31.8
SEK 363
SEK 35.4
SEK 68.8
SEK 132
USD 5.31
USD 14.3
NOK 30.4
SEK 187
SEK 253
EUR 8.90
NOK 40.2
SEK 176
NOK 76.7
EUR 8.75
SEK 174
SEK 269
SEK 57.3
SEK 315
SEK 94.9
SEK 47.7
SEK 63.5
EUR 4.87
SEK 35.9
NOK 95.5
SEK 181
NOK 33.5
NOK 39.1
EUR 1.29
EUR 9.50
EUR 0.46
SEK 77.6
SEK 103
SEK 333
SEK 366
SEK 93.2
SEK 72.0
SEK 300
EUR 1.79
Direction of
Recommendation
Buy
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Neutral
Neutral
Buy
Buy
Buy
Neutral
Buy
Reduce
Neutral
Neutral
Neutral
Buy
Reduce
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Buy
Reduce
Buy
Buy
No reco
Neutral
Strong Buy
Neutral
Strong Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
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23 April 2017
Swedbank recommendation tracking list
Issuer
Concentric
Gunnebo
Tele2
Atlas Copco
Axfood
Husqvarna
Autoliv
Haldex
Atwood Oceanics
Awilco Drilling PLC
Diamond Offshore Drilling
Ensco Plc
Fred Olsen Energy
Noble Corp.
North Atlantic Drilling Ltd
Rowan Companies Inc
Seadrill Limited
Sevan Drilling ASA
Songa Offshore
Transocean Inc
ABB
BillerudKorsnäs
Bulten
Saab
Kappahl
SKF
Data Respons
Odfjell Drilling Ltd
Royal Caribbean Cruises
Stolt-Nielsen Ltd
Tallink
Getinge
Industrivärden
Nordea
Volvo
Helgeland Sparebank
Nordea
SB1 Ringerike Hadeland
Sandnes Sparebank
SpareBank 1 Nord-Norge
SpareBank 1 SR-Bank
Sparebanken Møre
Sparebanken Sør
Date of dissemination
2017-04-17
2017-04-17
2017-04-13
2017-04-12
2017-04-12
2017-04-12
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-11
2017-04-10
2017-04-10
2017-04-09
2017-04-09
2017-04-07
2017-04-07
2017-04-07
2017-04-07
2017-04-07
2017-04-07
2017-04-07
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
2017-04-06
Analyst's name
Mats Liss
Mats Liss
Stefan Olsson, Stefan Wård
Anders Roslund, Mats Liss
Stefan Olsson
Anders Roslund, Mats Liss
Mats Liss, Anders Roslund
Mats Liss
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Anders Roslund, Mats Liss
Ola Södermark
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Stefan Olsson
Anders Roslund, Mats Liss
Andreas Bertheussen, André Buhagen
Magnus Olsvik, Marlene Skjellet Granerud
Stig Erik Kyrkjeeide
Christian Olsen Nordby
Marek Randma
Johan Unnerus
Mathias Lundberg, Anders Roslund
Bengt Kirkøen
Mats Liss, Anders Roslund
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Price Target
SEK 140
SEK 49.0
SEK 76.0
SEK 315
SEK 170
SEK 80.0
SEK 1000
SEK 125
USD 10.0
NOK 33.0
USD 19.0
USD 12.0
USD 2.17
USD 7.00
USD 15.0
NOK 5.00
NOK
USD
SEK
SEK
SEK
SEK
SEK
SEK
NOK
USD
NOK
NOK
EUR
SEK
SEK
SEK
SEK
NOK
SEK
NOK
NOK
NOK
NOK
NOK
NOK
38.0
13.0
235
160
122
400
60.0
200
29.0
2.55
765
153
1.10
160
183
100
135
108
100
220
43.0
66.0
88.0
296
125
Relevant
Market Price
SEK 141
SEK 45.2
SEK 84.1
SEK 318
SEK 136
SEK 79.7
SEK 887
SEK 120
USD 9.31
NOK 32.5
USD 16.3
USD 9.35
NOK 26.0
USD 6.31
USD 0.74
USD 15.4
NOK 6.60
NOK 3.35
NOK 30.5
USD 12.8
SEK 212
SEK 141
SEK 113
SEK 383
SEK 49.1
SEK 177
NOK 22.7
NOK 19.7
USD 98.8
NOK 142
EUR 0.94
SEK 153
SEK 192
SEK 101
SEK 124
NOK 80.0
SEK 101
NOK 191
NOK 38.5
NOK 57.5
NOK 66.3
NOK 240
NOK 100
Direction of
Recommendation
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Buy
Accept bid
Neutral
Neutral
Buy
Buy
Neutral
Neutral
No reco
Neutral
Reduce
No reco
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Strong Buy
Neutral
Reduce
Neutral
Buy
Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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23 April 2017
Swedbank recommendation tracking list
Issuer
Sparebanken Vest
Storebrand
SEB
SSAB
Axactor
Concordia Maritime AB
SEB
Scorpio Tankers Inc.
XXL
Apranga
BillerudKorsnäs
Danske Bank
Handelsbanken
Swedbank
DNB
Gjensidige Forsikring
Handelsbanken
Skandiabanken ASA
Swedbank
Lindab
Trelleborg
H&M
Marine Harvest
Stora Enso
Gränges
Mekonomen
Europris
Sandvik
Kid
Nordic Mining
Tallink
Olympic Entertainment Group
Gränges
H&M
Yara International
Kid
Autoliv
Kvaerner ASA
Clas Ohlson
Bakkafrost
Olainfarm
Bilia
Investor
Date of dissemination
2017-04-06
2017-04-06
2017-04-05
2017-04-05
2017-04-05
2017-04-05
2017-04-05
2017-04-05
2017-04-05
2017-04-05
2017-04-04
2017-04-04
2017-04-04
2017-04-04
2017-04-04
2017-04-04
2017-04-04
2017-04-04
2017-04-04
2017-04-03
2017-04-02
2017-03-31
2017-03-31
2017-03-30
2017-03-29
2017-03-29
2017-03-29
2017-03-28
2017-03-27
2017-03-27
2017-03-24
2017-03-23
2017-03-22
2017-03-22
2017-03-22
2017-03-21
2017-03-20
2017-03-17
2017-03-16
2017-03-16
2017-03-16
2017-03-15
2017-03-15
Analyst's name
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Ola Södermark, Mats Liss
Bengt Kirkøen, Ingvild Almestad Aasen
Christian Olsen Nordby
Bengt Kirkøen
Christian Olsen Nordby
Hans Marius Lee Ludvigsen
Andrej Rodionov, CFA
Ola Södermark
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Mats Liss, Ola Södermark
Mats Liss
Stefan Olsson
Marius Gaard
Ola Södermark
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Hans Marius Lee Ludvigsen
Anders Roslund, Mats Liss
Hans Marius Lee Ludvigsen
Andreas Bertheussen
Marek Randma
Marek Randma
Mats Liss, Andrej Rodionov, CFA
Stefan Olsson
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans Marius Lee Ludvigsen
Mats Liss, Anders Roslund
Magnus Olsvik
Stefan Olsson
Marius Gaard
Andrej Rodionov, CFA
Mats Liss
Johan Unnerus, Mathias Lundberg
Price Target
NOK 59.0
NOK 67.0
SEK 108
SEK 38.0
NOK 3.50
SEK 19.0
SEK 108
USD 6.00
NOK 135
EUR 2.70
SEK 165
DKK 260
SEK 110
NOK
NOK
SEK
NOK
148
120
110
85.0
SEK
SEK
SEK
NOK
SEK
SEK
SEK
NOK
SEK
NOK
NOK
EUR
EUR
SEK
SEK
NOK
NOK
SEK
NOK
SEK
NOK
EUR
SEK
SEK
82.0
205
275
168
115
100
195
33.0
135
46.0
10.0
1.15
1.90
100
290
375
45.0
1050
14.0
138
320
9.50
225
400
Relevant
Market Price
NOK 53.3
NOK 58.3
SEK 97.8
SEK 35.8
NOK 2.21
SEK 14.7
SEK 97.8
USD 4.29
NOK 94.8
EUR 2.64
SEK 146
DKK 238
SEK 122
SEK 207
NOK 137
NOK 133
SEK 122
NOK 70.3
SEK 207
SEK 76.1
SEK 192
SEK 228
NOK 133
SEK 105
SEK 81.8
SEK 178
NOK 37.8
SEK 128
NOK 40.8
NOK 3.60
EUR 0.96
EUR 1.86
SEK 83.5
SEK 229
NOK 327
NOK 37.5
SEK 917
NOK 10.7
SEK 137
NOK 310
EUR 9.23
SEK 193
SEK 366
Direction of
Recommendation
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Reduce
No reco
Neutral
Reduce
Reduce
Buy
No reco
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Reduce
Neutral
Buy
Buy
Strong Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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23 April 2017
Swedbank recommendation tracking list
Issuer
Saab
Kinnevik
LHV Group
Subsea 7 S.A.
XXL
Atwood Oceanics
Diamond Offshore Drilling
Ensco Plc
Noble Corp.
Ocean Rig UDW
Pacific Drilling S.A.
Paragon Offshore
Rowan Companies Inc
SAS
Seadrill Limited
Transocean Inc
Kappahl
Oscar Properties
Clas Ohlson
Höegh LNG Holdings Ltd
Linas Agro Group
Austevoll Seafood ASA
Bakkafrost
Grieg Seafood
Leroy Seafood
Marine Harvest
Norway Royal Salmon
Norwegian Air Shuttle ASA
SalMar
Subsea 7 S.A.
Wentworth Resources
Olainfarm
Elekta
Golden Ocean Group
Apranga
Odfjell Drilling Ltd
SAS
Seadrill Limited
Siauliu Bankas
B3IT
Kongsberg Automotive ASA
Africa Oil Corp.
Kongsberg Automotive ASA
Date of dissemination
2017-03-15
2017-03-14
2017-03-13
2017-03-10
2017-03-10
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-09
2017-03-08
2017-03-08
2017-03-07
2017-03-07
2017-03-07
2017-03-06
2017-03-06
2017-03-06
2017-03-06
2017-03-06
2017-03-06
2017-03-06
2017-03-06
2017-03-05
2017-03-03
2017-03-03
2017-03-02
2017-03-02
2017-03-02
2017-03-01
2017-03-01
2017-03-01
2017-03-01
2017-02-28
2017-02-28
2017-02-28
2017-02-28
Analyst's name
Mats Liss
Stefan Wård
Andrej Rodionov, CFA
Stig Erik Kyrkjeeide, Magnus Olsvik
Hans Marius Lee Ludvigsen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Stefan Olsson
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Olsson
Christian Olsen Nordby
Andrej Rodionov, CFA
Marius Gaard
Marius Gaard
Marius Gaard
Marius Gaard
Marius Gaard
Marius Gaard
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Marius Gaard
Stig Erik Kyrkjeeide, Magnus Olsvik
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Johan Unnerus
Christian Olsen Nordby
Andrej Rodionov, CFA
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Mats Larsson, Mathias Lundberg
Mats Liss
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Mats Liss
Price Target
SEK 400
SEK 282
EUR 9.80
NOK 155
NOK 140
USD 10.0
USD 19.0
USD 12.0
USD 7.00
USD
SEK
NOK
USD
SEK
SEK
SEK
NOK
EUR
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
USD
NOK
EUR
SEK
NOK
EUR
USD
SEK
NOK
EUR
SEK
NOK
SEK
NOK
15.0
16.0
5.00
13.0
55.0
120
135
120
0.60
83.0
330
83.0
470
168
180
260
230
120
4.00
9.50
105
67.0
2.70
2.14
16.0
5.00
0.52
90.0
6.25
20.0
6.25
Relevant
Market Price
SEK 359
SEK 238
EUR 9.60
NOK 126
NOK 92.5
USD 9.42
USD 15.3
USD 8.73
USD 6.10
USD 0.66
USD 2.04
USD 0.29
USD 16.2
SEK 15.0
NOK 10.3
USD 12.4
SEK 47.8
SEK 78.8
SEK 137
NOK 88.3
EUR 0.64
NOK 72.5
NOK 299
NOK 74.0
NOK 434
NOK 140
NOK 166
NOK 257
NOK 210
NOK 124
NOK 2.70
EUR 9.05
SEK 87.1
NOK 57.8
EUR 2.65
NOK 14.1
SEK 14.9
NOK 14.4
EUR 0.40
SEK 79.3
NOK 5.66
SEK 16.9
NOK 5.66
Direction of
Recommendation
Buy
Strong Buy
Neutral
Buy
Buy
Neutral
Buy
Buy
Neutral
No reco
No reco
No reco
Neutral
Neutral
Reduce
Neutral
Buy
Strong Buy
Neutral
Buy
Reduce
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Neutral
Reduce
Strong Buy
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Bulten
Lundin Gold
Oriflame Cosmetics
Bakkafrost
Data Respons
Panoro Energy
Songa Offshore
Silvano Fashion Group
Lundin Mining
Recipharm
Subsea 7 S.A.
Systemair
Prosafe
Norwegian Air Shuttle ASA
Prosafe
Elekta
Fagerhult
Kongsberg Automotive ASA
Akastor
Europris
Kongsberg Automotive ASA
Polarcus
Baltic Horizon
Lucara Diamond Corp.
Nordecon
Systemair
Evolution Gaming Group
NetEnt
Nibe Industrier
SOBI
Stockmann
Aqualis
Austevoll Seafood ASA
Grieg Seafood
Helgeland Sparebank
Leroy Seafood
SB1 Ringerike Hadeland
Sandnes Sparebank
Skandiabanken ASA
SpareBank 1 Nord-Norge
SpareBank 1 SMN
SpareBank 1 SR-Bank
Sparebanken Sør
Date of dissemination
2017-02-27
2017-02-27
2017-02-27
2017-02-27
2017-02-27
2017-02-27
2017-02-27
2017-02-27
2017-02-24
2017-02-24
2017-02-24
2017-02-23
2017-02-23
2017-02-22
2017-02-22
2017-02-21
2017-02-21
2017-02-21
2017-02-21
2017-02-21
2017-02-21
2017-02-21
2017-02-21
2017-02-20
2017-02-20
2017-02-18
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
2017-02-17
Analyst's name
Mats Liss, Andrej Rodionov, CFA
Ola Södermark
Stefan Olsson
Marius Gaard
Andreas Bertheussen, André Buhagen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Ola Södermark, Mats Liss
Johan Unnerus
Stig Erik Kyrkjeeide, Magnus Olsvik
Mats Liss
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Johan Unnerus
Mats Liss
Mats Liss
Magnus Olsvik
Hans Marius Lee Ludvigsen
Mats Liss
Teodor Sveen-Nilsen, Magnus Olsvik
Andrej Rodionov, CFA
Ola Södermark
Marek Randma
Mats Liss
Mathias Lundberg
Mathias Lundberg
Mats Liss
Johan Unnerus
Marek Randma
Magnus Olsvik
Marius Gaard
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Price Target
SEK 120
SEK 48.0
SEK 360
NOK 345
NOK 27.0
NOK 10.0
NOK 38.0
EUR 2.90
SEK 56.0
SEK 145
NOK 120
SEK 155
NOK 45.0
NOK 260
SEK
SEK
NOK
NOK
NOK
NOK
NOK
EUR
SEK
EUR
SEK
EUR
SEK
SEK
SEK
EUR
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
100
300
6.25
14.0
32.0
6.25
0.55
1.55
25.0
1.45
140
35.8
88.0
76.0
135
8.80
5.50
91.0
89.0
97.0
565
220
43.0
85.0
64.0
84.0
85.0
125
Relevant
Market Price
SEK 108
SEK 37.9
SEK 361
NOK 318
NOK 24.7
NOK 6.65
NOK 31.3
EUR 2.85
SEK 56.7
SEK 121
NOK 118
SEK 129
NOK 37.6
NOK 258
NOK 38.1
SEK 82.5
SEK 295
NOK 5.48
NOK 13.0
NOK 36.9
NOK 5.48
NOK 0.36
EUR 1.29
SEK 21.7
EUR 1.30
SEK 128
SEK 308
SEK 76.2
SEK 72.6
SEK 119
EUR 7.30
NOK 3.29
NOK 74.3
NOK 72.0
NOK 85.0
NOK 441
NOK 200
NOK 44.5
NOK 76.0
NOK 58.5
NOK 72.5
NOK 70.3
NOK 108
Direction of
Recommendation
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
No reco
Buy
Neutral
Buy
Neutral
Reduce
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Strong Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Sparebanken Vest
Olainfarm
Catena Media
Nibe Industrier
SSAB
Tobii AB
Fred Olsen Energy
Höegh LNG Holdings Ltd
Kvaerner ASA
Marine Harvest
Petroleum Geo Services
SB1 Ringerike Hadeland
SalMar
Sandnes Sparebank
SpareBank 1 Nord-Norge
Sparebanken Sør
XXL
AF
Indutrade
Kindred
Mekonomen
Sweco
AF Gruppen
Entra
Norway Royal Salmon
Norwegian Property ASA
Bilia
Opus Group
Recipharm
Emgs
Kid
Merko Ehitus
Boliden
Saab
Tobii AB
Awilco Drilling PLC
Bactiguard
Betsson
Haldex
Husqvarna
Industrivärden
Lindab
New Wave
Date of dissemination
2017-02-17
2017-02-17
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-16
2017-02-15
2017-02-15
2017-02-15
2017-02-15
2017-02-15
2017-02-15
2017-02-15
2017-02-15
2017-02-15
2017-02-14
2017-02-14
2017-02-14
2017-02-14
2017-02-14
2017-02-14
2017-02-13
2017-02-13
2017-02-13
2017-02-13
2017-02-10
2017-02-10
2017-02-10
2017-02-10
2017-02-10
2017-02-10
2017-02-10
Analyst's name
Bengt Kirkøen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Mathias Lundberg
Mats Liss
Ola Södermark, Mats Liss
Mathias Lundberg
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby
Magnus Olsvik
Marius Gaard
Teodor Sveen-Nilsen, Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Hans Marius Lee Ludvigsen
Stefan Wård
Erik Elander, Mats Larsson
Mathias Lundberg
Mats Liss
Erik Elander, Stefan Wård
Bengt Kirkøen, Ingvild Almestad Aasen
André Buhagen
Marius Gaard
André Buhagen
Mats Liss
Mats Liss, Andrej Rodionov, CFA
Johan Unnerus
Teodor Sveen-Nilsen, Magnus Olsvik
Hans Marius Lee Ludvigsen
Marek Randma
Ola Södermark, Mats Liss
Mats Liss
Mathias Lundberg
Magnus Olsvik, Marlene Skjellet Granerud
Johan Unnerus
Mathias Lundberg
Mats Liss
Anders Roslund, Mats Liss
Mathias Lundberg, Anders Roslund
Mats Liss, Ola Södermark
Stefan Olsson
Price Target
NOK 59.0
EUR 9.50
EUR 12.4
SEK 76.0
SEK 38.0
SEK 92.0
USD 2.17
NOK 120
NOK 13.5
NOK 175
NOK 30.0
NOK 220
NOK 250
NOK 43.0
NOK 64.0
NOK 125
NOK 140
SEK 200
SEK 167
SEK 97.0
SEK 195
SEK 220
NOK 165
NOK 105
NOK 194
NOK 12.3
SEK 230
SEK 9.00
SEK 145
NOK 7.00
NOK 45.0
EUR 8.80
SEK 320
SEK 380
SEK 92.0
NOK 33.0
SEK 16.0
SEK 85.0
SEK 125
SEK 75.0
SEK 175
SEK 82.0
SEK 66.0
Relevant
Market Price
NOK 56.8
EUR 9.08
SEK 99.0
SEK 72.4
SEK 39.0
SEK 67.8
NOK 20.2
NOK 93.0
NOK 11.6
NOK 145
NOK 26.2
NOK 200
NOK 223
NOK 44.0
NOK 59.0
NOK 106
NOK 94.3
SEK 181
SEK 172
SEK 86.2
SEK 176
SEK 197
NOK 160
NOK 92.3
NOK 180
NOK 10.2
SEK 212
SEK 8.05
SEK 119
NOK 6.01
NOK 37.3
EUR 9.15
SEK 277
SEK 366
SEK 64.5
NOK 34.2
SEK 17.5
SEK 82.5
SEK 118
SEK 70.9
SEK 175
SEK 76.9
SEK 59.3
Direction of
Recommendation
Buy
Buy
Strong Buy
Neutral
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Reduce
Buy
Buy
Buy
Neutral
Neutral
Neutral
Accept bid
Neutral
Neutral
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Aker Solutions
Fred Olsen Energy
Nordic Semiconductor
Spectrum
Transocean Inc
Yara International
ABB
Bulten
Concentric
Handelsbanken
Holmen
ICA Gruppen
Millicom Int Cellular
SOBI
Stockmann
Gjensidige Forsikring
Handelsbanken
Norsk Hydro
Orkla
Skandiabanken ASA
Veidekke
Axfood
Fagerhult
Itab Shop Concept
JM
Securitas
Telenor
Helgeland Sparebank
Kongsberg Gruppen ASA
Questerre Energy Corp.
SpareBank 1 SR-Bank
Storebrand
Telenor
LHV Group
Hexagon
New Wave
Nibe Industrier
Skanska
Akastor
Aqualis
Archer
Grieg Seafood
Kvaerner ASA
Date of dissemination
2017-02-10
2017-02-10
2017-02-10
2017-02-10
2017-02-10
2017-02-10
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-09
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-08
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
Analyst's name
Magnus Olsvik, Stig Erik Kyrkjeeide
Magnus Olsvik, Marlene Skjellet Granerud
Andreas Bertheussen, André Buhagen
Teodor Sveen-Nilsen, Magnus Olsvik
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Anders Roslund, Mats Liss
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Bengt Kirkøen
Ola Södermark
Stefan Olsson
Stefan Wård, Stefan Olsson
Johan Unnerus
Marek Randma
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans Marius Lee Ludvigsen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Stefan Olsson
Mats Liss
Erik Elander, Mats Larsson
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Wård
Stefan Olsson, Stefan Wård
Bengt Kirkøen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Stefan Olsson, Stefan Wård
Andrej Rodionov, CFA
Mathias Lundberg, Anders Roslund
Stefan Olsson
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik
Magnus Olsvik
Magnus Olsvik
Marius Gaard
Magnus Olsvik
Price Target
NOK 42.0
USD 2.16
NOK 37.0
NOK 60.0
USD 11.0
NOK 375
SEK 225
SEK 110
SEK 130
SEK 107
SEK 320
SEK 280
USD 60.7
SEK 140
EUR 7.50
NOK 120
SEK 107
NOK 54.0
NOK 74.0
NOK 85.0
NOK 130
SEK 161
SEK 300
SEK 70.0
SEK 295
SEK 155
NOK 151
NOK 97.0
NOK 150
NOK
NOK
NOK
EUR
SEK
SEK
SEK
SEK
NOK
NOK
85.0
64.0
151
9.80
385
57.0
76.0
215
12.0
5.50
NOK 89.0
NOK 12.5
Relevant
Market Price
NOK 45.9
NOK 19.1
NOK 34.4
NOK 38.7
USD 13.2
NOK 321
SEK 200
SEK 98.5
SEK 123
SEK 131
SEK 339
SEK 288
SEK 470
SEK 117
EUR 6.93
NOK 143
SEK 131
NOK 47.8
NOK 80.5
NOK 74.0
NOK 128
SEK 134
SEK 286
SEK 78.0
SEK 281
SEK 132
NOK 131
NOK 86.0
NOK 139
NOK 4.51
NOK 64.5
NOK 51.9
NOK 131
EUR 9.85
SEK 359
SEK 57.3
SEK 70.8
SEK 219
NOK 14.7
NOK 3.25
NOK 14.9
NOK 69.3
NOK 10.4
Direction of
Recommendation
Neutral
Neutral
Neutral
Strong Buy
Neutral
Buy
Buy
Buy
Neutral
Reduce
Neutral
Neutral
Buy
Buy
Buy
Reduce
Reduce
Buy
Reduce
Buy
Neutral
Buy
Neutral
Neutral
Neutral
Buy
Buy
Buy
Neutral
No reco
Buy
Buy
Buy
Neutral
Buy
Buy
Neutral
Neutral
Reduce
Buy
No reco
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Link Mobility Group ASA
Norsk Hydro
Norway Royal Salmon
Reach Subsea ASA
SalMar
SpareBank 1 SMN
Statoil
Tallink
Bactiguard
ICA Gruppen
Metso
Stora Enso
Aker BP ASA
Awilco Drilling PLC
Diamond Offshore Drilling
Ensco Plc
Fred Olsen Energy
Noble Corp.
North Atlantic Drilling Ltd
Norwegian Air Shuttle ASA
Ocean Rig UDW
Odfjell Drilling Ltd
Pacific Drilling S.A.
Rowan Companies Inc
Seadrill Limited
Sevan Drilling ASA
Songa Offshore
Transocean Inc
Hexpol
Assa Abloy
AstraZeneca
Axfood
BillerudKorsnäs
Danske Bank
Fabege
MTG
Nokia
Novo Nordisk
Outokumpu
SKF
Swedbank
Link Mobility Group ASA
Swedbank
Date of dissemination
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-07
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-06
2017-02-05
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
2017-02-03
Analyst's name
Andreas Bertheussen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Marius Gaard
Magnus Olsvik
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marek Randma
Johan Unnerus
Stefan Olsson
Anders Roslund
Ola Södermark
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Mats Liss
Anders Roslund, Mats Liss
Johan Unnerus
Stefan Olsson
Ola Södermark
Bengt Kirkøen
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Wård
Mathias Lundberg, Stefan Wård
Johan Unnerus
Ola Södermark
Anders Roslund, Mats Liss
Bengt Kirkøen
Andreas Bertheussen
Bengt Kirkøen
Price Target
NOK 200
NOK 54.0
NOK 194
NOK 2.00
NOK 250
NOK 84.0
NOK 135
EUR 1.15
SEK 15.0
SEK 270
EUR 28.0
EUR 11.0
NOK 185
NOK 33.0
USD 19.0
USD 10.0
USD 2.12
USD 7.00
NOK 280
USD 1.31
USD 15.0
NOK 5.00
NOK
USD
SEK
SEK
SEK
SEK
SEK
DKK
SEK
SEK
EUR
DKK
EUR
SEK
38.0
11.0
95.0
195
540
175
165
220
175
340
4.50
315
9.50
190
NOK 200
Relevant
Market Price
NOK 155
NOK 48.0
NOK 182
NOK 2.41
NOK 235
NOK 70.3
NOK 157
EUR 0.96
SEK 16.5
SEK 287
EUR 27.6
SEK 94.3
NOK 153
NOK 35.0
USD 17.1
USD 11.4
NOK 18.6
USD 7.28
USD 2.39
NOK 271
USD 1.35
NOK 15.8
USD 3.40
USD 18.6
NOK 15.7
NOK 5.86
NOK 31.6
USD 14.0
SEK 90.6
SEK 165
SEK 475
SEK 144
SEK 148
DKK 238
SEK 154
SEK 293
EUR 4.45
DKK 231
EUR 9.01
SEK 173
SEK 226
NOK 155
SEK 226
Direction of
Recommendation
Buy
Buy
Neutral
Neutral
Neutral
Buy
Reduce
Strong Buy
Neutral
Neutral
Neutral
Buy
Buy
Neutral
Buy
Neutral
Neutral
Neutral
No reco
Neutral
No reco
Neutral
No reco
Neutral
Reduce
No reco
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Strong Buy
Neutral
Strong Buy
Neutral
Buy
No reco
Buy
No reco
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Tallinna Vesi
Autoliv
Electrolux
Gränges
Gunnebo
Hexagon
SEB
Sandvik
Aker Solutions
DNB
SEB
Tgs Nopec Geophysical
Alfa Laval
Com Hem
H&M
Investor
Lucara Diamond Corp.
Trelleborg
Volvo
Höegh LNG Holdings Ltd
Lundin Petroleum
Nordic Semiconductor
Sparebanken Sør
Sparebanken Vest
Apranga
Tallinna Kaubamaja
Sweco
Awilco Drilling PLC
Axactor
Ensco Plc
Entra
Europris
Lundin Petroleum
Noble Corp.
Norwegian Property ASA
Ocean Rig UDW
Pacific Drilling S.A.
Sevan Drilling ASA
Stolt-Nielsen Ltd
Baltic Horizon
Atlas Copco
Beijer Electronics
Elisa
Date of dissemination
2017-02-03
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-02
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-02-01
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-31
2017-01-30
2017-01-30
2017-01-30
Analyst's name
Marek Randma
Mats Liss, Anders Roslund
Anders Roslund, Mats Liss
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Mathias Lundberg, Anders Roslund
Bengt Kirkøen
Anders Roslund, Mats Liss
Magnus Olsvik, Stig Erik Kyrkjeeide
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Teodor Sveen-Nilsen, Magnus Olsvik
Anders Roslund, Mats Liss
Stefan Wård, Mathias Lundberg
Stefan Olsson
Johan Unnerus, Mathias Lundberg
Ola Södermark
Mats Liss
Mats Liss, Anders Roslund
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andreas Bertheussen, André Buhagen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Marek Randma
Erik Elander, Stefan Wård
Magnus Olsvik, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
André Buhagen
Hans Marius Lee Ludvigsen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
André Buhagen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby
Andrej Rodionov, CFA
Anders Roslund, Mats Liss
Anders Roslund, Mats Larsson
Stefan Wård, Stefan Olsson
Price Target
EUR 12.6
SEK 1050
SEK 260
SEK 100
SEK 47.0
SEK 380
SEK 96.0
SEK 130
NOK 42.0
NOK 145
SEK 96.0
NOK 230
SEK 170
SEK 85.0
SEK 300
SEK 360
SEK 25.0
SEK 200
SEK 135
NOK 120
SEK 175
NOK 47.0
NOK 115
NOK 59.0
EUR 2.70
EUR 8.50
SEK 215
NOK 33.0
NOK 3.50
USD 10.0
NOK 98.0
NOK 31.0
SEK 170
USD 7.00
NOK 12.3
NOK
EUR
SEK
SEK
EUR
120
1.55
300
55.0
29.0
Relevant
Market Price
EUR 13.8
SEK 1009
SEK 228
SEK 96.5
SEK 42.2
SEK 348
SEK 101
SEK 117
NOK 46.0
NOK 140
SEK 101
NOK 205
SEK 163
SEK 91.6
SEK 250
SEK 349
SEK 19.9
SEK 182
SEK 112
NOK 91.8
SEK 189
NOK 34.8
NOK 97.8
NOK 49.5
EUR 2.71
EUR 8.78
SEK 187
NOK 35.8
NOK 2.61
USD 10.5
NOK 89.0
NOK 36.6
SEK 190
USD 6.72
NOK 10.2
USD 1.51
USD 3.38
NOK 6.80
NOK 131
EUR 1.31
SEK 282
SEK 38.6
EUR 31.5
Direction of
Recommendation
Sell
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Reduce
Buy
Buy
Buy
Neutral
Neutral
Buy
Neutral
Buy
Neutral
Buy
Reduce
Reduce
Neutral
Buy
No reco
No reco
No reco
Buy
Buy
Neutral
Buy
Reduce
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
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Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Haldex
NCC
Telia Company
Wärtsilä
Axactor
DNB
Scatec Solar ASA
Ericsson
Getinge
Intrum Justitia
Millicom Int Cellular
Nordea
Opus Group
SCA
Tele2
Nordea
Sparebanken Møre
Bilia
Bonava
Mekonomen
Kid
Metso
SSAB
Securitas
Assa Abloy
Elisa
Husqvarna
Lindab
Saab
Atwood Oceanics
XXL
Beijer Electronics
Castellum
Nokia
Questerre Energy Corp.
Bulten
Gunnebo
Bakkafrost
Grieg Seafood
Marine Harvest
Norway Royal Salmon
AstraZeneca
Com Hem
Date of dissemination
2017-01-30
2017-01-30
2017-01-30
2017-01-30
2017-01-30
2017-01-30
2017-01-30
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-27
2017-01-26
2017-01-26
2017-01-26
2017-01-26
2017-01-25
2017-01-25
2017-01-25
2017-01-24
2017-01-24
2017-01-24
2017-01-24
2017-01-24
2017-01-24
2017-01-24
2017-01-23
2017-01-23
2017-01-23
2017-01-23
2017-01-22
2017-01-22
2017-01-22
2017-01-22
2017-01-22
2017-01-22
2017-01-20
2017-01-20
Analyst's name
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Olsson, Stefan Wård
Anders Roslund
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Andreas Bertheussen
Mathias Lundberg, Stefan Wård
Johan Unnerus
Erik Elander, Mats Larsson
Stefan Wård, Stefan Olsson
Bengt Kirkøen
Mats Liss, Andrej Rodionov, CFA
Ola Södermark
Stefan Olsson, Stefan Wård
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Hans Marius Lee Ludvigsen
Anders Roslund
Ola Södermark, Mats Liss
Stefan Wård
Anders Roslund, Mats Liss
Stefan Wård, Stefan Olsson
Anders Roslund, Mats Liss
Mats Liss, Ola Södermark
Mats Liss
Magnus Olsvik, Marlene Skjellet Granerud
Hans Marius Lee Ludvigsen
Anders Roslund, Mats Larsson
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Stefan Wård
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Marius Gaard
Marius Gaard
Marius Gaard
Marius Gaard
Johan Unnerus
Stefan Wård, Mathias Lundberg
Price Target
SEK 125
SEK 215
SEK 43.0
EUR 47.0
NOK 3.20
NOK 145
NOK 50.0
SEK 50.0
SEK 165
SEK 350
USD 60.7
SEK 87.0
SEK 8.50
SEK 290
SEK 76.0
SEK 87.0
NOK 296
SEK 230
SEK 150
SEK 200
NOK 43.0
EUR 28.0
SEK 35.0
SEK 155
SEK 195
EUR 29.0
SEK 75.0
SEK 82.0
SEK 380
USD 10.0
NOK 140
SEK 55.0
SEK 140
EUR 4.50
SEK
SEK
NOK
NOK
NOK
NOK
SEK
SEK
100
45.0
360
89.0
175
196
570
82.5
Relevant
Market Price
SEK 119
SEK 213
SEK 35.8
EUR 47.4
NOK 2.71
NOK 140
NOK 39.7
SEK 53.8
SEK 145
SEK 308
SEK 431
SEK 108
SEK 7.35
SEK 260
SEK 78.1
SEK 108
NOK 258
SEK 214
SEK 132
SEK 186
NOK 34.6
EUR 28.4
SEK 36.2
SEK 139
SEK 164
EUR 31.6
SEK 68.6
SEK 73.5
SEK 350
USD 13.6
NOK 96.0
SEK 38.2
SEK 120
EUR 4.45
NOK 5.06
SEK 91.3
SEK 39.8
NOK 344
NOK 74.1
NOK 156
NOK 201
SEK 503
SEK 89.2
Direction of
Recommendation
Accept bid
Reduce
Neutral
Neutral
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Reduce
Buy
Buy
Neutral
Reduce
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Reduce
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
No reco
Buy
Buy
Neutral
Buy
Buy
Neutral
Buy
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Indutrade
Itab Shop Concept
Tele2
Wärtsilä
Norwegian Air Shuttle ASA
Boliden
Lundin Mining
MTG
Novo Nordisk
SKF
Stockmann
Link Mobility Group ASA
Norwegian Air Shuttle ASA
Autoliv
Danske Bank
Electrolux
Holmen
Intrum Justitia
Telenor
Hexagon Composites
Kongsberg Gruppen ASA
Telenor
ABB
Getinge
H&M
Hexpol
Investor
Outokumpu
Trelleborg
Africa Oil Corp.
Aker BP ASA
Entra
Norwegian Property ASA
Tethys Oil
Olainfarm
Olympic Entertainment Group
Betsson
Catena Media
Evolution Gaming Group
Kindred
NetEnt
SAS
BillerudKorsnäs
Date of dissemination
2017-01-20
2017-01-20
2017-01-20
2017-01-20
2017-01-20
2017-01-19
2017-01-19
2017-01-19
2017-01-19
2017-01-19
2017-01-19
2017-01-19
2017-01-19
2017-01-18
2017-01-18
2017-01-18
2017-01-18
2017-01-18
2017-01-18
2017-01-18
2017-01-18
2017-01-18
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-17
2017-01-16
2017-01-16
2017-01-16
2017-01-16
2017-01-16
2017-01-16
2017-01-13
Analyst's name
Erik Elander, Mats Larsson
Erik Elander, Mats Larsson
Stefan Olsson, Stefan Wård
Anders Roslund
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Ola Södermark, Mats Liss
Ola Södermark, Mats Liss
Stefan Wård
Johan Unnerus
Anders Roslund, Mats Liss
Marek Randma
Andreas Bertheussen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Mats Liss, Anders Roslund
Bengt Kirkøen
Anders Roslund, Mats Liss
Ola Södermark
Erik Elander, Mats Larsson
Stefan Olsson, Stefan Wård
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Stefan Olsson, Stefan Wård
Anders Roslund, Mats Liss
Johan Unnerus
Stefan Olsson
Mats Liss
Johan Unnerus, Mathias Lundberg
Ola Södermark
Mats Liss
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
André Buhagen
André Buhagen
Teodor Sveen-Nilsen
Andrej Rodionov, CFA
Marek Randma
Mathias Lundberg
Mathias Lundberg
Mathias Lundberg
Mathias Lundberg
Mathias Lundberg
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Ola Södermark
Price Target
SEK 167
SEK 70.0
SEK 80.0
EUR 45.0
NOK 350
SEK 280
SEK 48.0
SEK 330
DKK 325
SEK 190
EUR 7.50
NOK 200
NOK 350
SEK 1100
DKK 213
SEK 255
SEK 300
SEK 350
NOK 157
NOK 32.0
NOK 150
NOK 157
SEK 225
SEK 175
SEK 300
SEK 90.0
SEK 360
EUR 8.50
SEK 200
SEK 19.0
NOK 160
NOK 98.0
NOK 12.3
SEK 88.0
EUR 9.50
EUR 1.95
SEK 85.0
EUR 12.0
EUR 34.0
SEK 95.0
SEK 86.1
SEK 16.0
SEK 165
Relevant
Market Price
SEK 177
SEK 81.8
SEK 73.5
EUR 42.8
NOK 275
SEK 251
SEK 50.1
SEK 270
DKK 251
SEK 169
EUR 7.05
NOK 149
NOK 269
SEK 1011
DKK 222
SEK 227
SEK 315
SEK 293
NOK 132
NOK 26.5
NOK 128
NOK 132
SEK 199
SEK 156
SEK 243
SEK 84.3
SEK 340
EUR 8.28
SEK 179
SEK 18.6
NOK 160
NOK 83.5
NOK 9.79
SEK 79.0
EUR 8.56
EUR 1.80
SEK 86.6
SEK 85.0
SEK 290
SEK 80.2
SEK 71.7
SEK 13.9
SEK 147
Direction of
Recommendation
Neutral
Neutral
Neutral
Neutral
Buy
Buy
Neutral
Strong Buy
Strong Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Neutral
Buy
Strong Buy
Buy
Buy
Strong Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
Reduce
Strong Buy
Buy
Buy
Strong Buy
Neutral
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Telia Company
Link Mobility Group ASA
Norwegian Air Shuttle ASA
Scatec Solar ASA
Ekspress Grupp
Gjensidige Forsikring
Golar LNG Ltd
Helgeland Sparebank
Marine Harvest
SB1 Ringerike Hadeland
Sandnes Sparebank
Skandiabanken ASA
SpareBank 1 Nord-Norge
SpareBank 1 SMN
SpareBank 1 SR-Bank
Sparebanken Møre
Sparebanken Sør
Sparebanken Vest
Concentric
Handelsbanken
Nordea
SEB
Stora Enso
Swedbank
Handelsbanken
Nordea
Norsk Hydro
SEB
Storebrand
Swedbank
Alfa Laval
Gränges
SCA
Volvo
Atlas Copco
Sandvik
Golar LNG Ltd
Panoro Energy
Yara International
Panoro Energy
Seadrill Limited
Storebrand
Avance Gas Holding Ltd.
Date of dissemination
2017-01-13
2017-01-13
2017-01-13
2017-01-13
2017-01-13
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-12
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-11
2017-01-10
2017-01-10
2017-01-10
2017-01-10
2017-01-09
2017-01-09
2017-01-09
2017-01-09
2017-01-09
2017-01-06
2017-01-06
2017-01-06
2017-01-05
Analyst's name
Stefan Olsson, Stefan Wård
Andreas Bertheussen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Andreas Bertheussen
Andrej Rodionov, CFA
Bengt Kirkøen, Ingvild Almestad Aasen
Christian Olsen Nordby
Bengt Kirkøen, Ingvild Almestad Aasen
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Mats Liss
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Ola Södermark
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Anders Roslund, Mats Liss
Mats Liss, Andrej Rodionov, CFA
Ola Södermark
Mats Liss, Anders Roslund
Anders Roslund, Mats Liss
Anders Roslund, Mats Liss
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Christian Olsen Nordby
Price Target
SEK 44.0
NOK 193
NOK 400
NOK 50.0
NOK
USD
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
SEK
SEK
SEK
SEK
EUR
126
35.0
90.0
165
216
40.0
80.0
58.0
77.0
80.0
280
115
55.0
115
107
87.0
95.0
11.5
SEK
SEK
NOK
SEK
NOK
107
87.0
45.0
95.0
61.0
SEK
SEK
SEK
SEK
SEK
SEK
USD
NOK
NOK
NOK
NOK
NOK
NOK
160
110
285
120
290
125
35.0
7.00
375
7.00
15.0
61.0
38.0
Relevant
Market Price
SEK 37.1
NOK 132
NOK 270
NOK 38.6
EUR 1.31
NOK 138
USD 25.2
NOK 82.0
NOK 150
NOK 180
NOK 42.1
NOK 70.0
NOK 52.3
NOK 66.0
NOK 62.0
NOK 250
NOK 95.3
NOK 47.9
SEK 115
SEK 123
SEK 98.9
SEK 94.7
SEK 97.1
SEK 215
SEK 123
SEK 98.9
NOK 42.4
SEK 94.7
NOK 48.6
SEK 215
SEK 153
SEK 94.0
SEK 254
SEK 109
SEK 279
SEK 114
USD 24.8
NOK 6.50
NOK 353
NOK 6.30
NOK 30.7
NOK 48.3
NOK 28.3
Direction of
Recommendation
Neutral
Buy
Buy
Buy
No reco
Reduce
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Reduce
Reduce
Neutral
Buy
No reco
Reduce
Reduce
Buy
Neutral
Buy
No reco
Neutral
Buy
Buy
Buy
Neutral
Buy
Buy
Neutral
Buy
Neutral
Reduce
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
BW LPG Ltd.
DNB
Gjensidige Forsikring
Hexagon Composites
Norsk Hydro
Songa Offshore
Yara International
Aker Asa
Tallink
Europris
Höegh LNG Holdings Ltd
Kid
XXL
Apranga
Orkla
Tallink
Kappahl
Lindab
Assa Abloy
Gränges
Emgs
Magseis ASA
Petroleum Geo Services
Polarcus
Spectrum
Tgs Nopec Geophysical
H&M
ICA Gruppen
Magnolia Bostad AB
Africa Oil Corp.
Aker BP ASA
Atlantic Petroleum
DNO International
EnQuest
Interoil
Lundin Petroleum
North Energy ASA
Panoro Energy
Questerre Energy Corp.
ShaMaran Petroleum
Statoil
Tethys Oil
Wentworth Resources
Date of dissemination
2017-01-05
2017-01-05
2017-01-05
2017-01-05
2017-01-05
2017-01-05
2017-01-05
2017-01-04
2017-01-04
2017-01-03
2017-01-03
2017-01-03
2017-01-03
2017-01-03
2017-01-02
2016-12-23
2016-12-22
2016-12-22
2016-12-20
2016-12-20
2016-12-20
2016-12-20
2016-12-20
2016-12-20
2016-12-20
2016-12-20
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
2016-12-16
Analyst's name
Christian Olsen Nordby
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Peter Hermanrud, Vetle Holt Johansen
Marek Randma
Hans Marius Lee Ludvigsen
Christian Olsen Nordby
Hans Marius Lee Ludvigsen
Hans Marius Lee Ludvigsen
Andrej Rodionov, CFA
Hans Marius Lee Ludvigsen
Marek Randma
Stefan Olsson
Mats Liss, Ola Södermark
Anders Roslund, Mats Liss
Mats Liss, Andrej Rodionov, CFA
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Stefan Olsson
Stefan Olsson
Jan Ihrfelt, CFA, Markus Gustafsson
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Price Target
NOK 47.0
NOK 145
NOK 126
NOK 32.0
NOK 45.0
NOK 38.0
NOK 350
NOK 380
EUR 1.10
NOK 31.0
NOK 120
NOK 42.0
NOK 140
EUR 2.70
NOK 77.0
EUR 1.10
SEK 52.0
SEK 82.0
SEK 200
SEK 100
NOK 3.00
NOK 22.0
NOK 30.0
NOK 0.55
NOK 40.0
NOK 220
SEK 300
SEK 270
SEK 130
SEK 18.0
NOK 160
NOK 5.00
NOK 12.0
SEK 2.50
NOK 1.00
SEK 150
NOK 1.00
NOK 5.50
NOK 8.50
SEK 0.70
NOK 130
SEK 88.0
NOK 4.00
Relevant
Market Price
NOK 37.1
NOK 131
NOK 140
NOK 26.4
NOK 41.0
NOK 31.0
NOK 349
NOK 325
EUR 0.92
NOK 36.8
NOK 96.5
NOK 32.6
NOK 99.0
EUR 2.59
NOK 78.2
EUR 0.90
SEK 47.5
SEK 78.2
SEK 172
SEK 85.5
NOK 7.00
NOK 12.5
NOK 28.7
NOK 0.42
NOK 26.9
NOK 182
SEK 260
SEK 273
SEK 98.3
SEK 14.7
NOK 146
NOK 14.5
NOK 8.16
SEK 4.75
NOK 1.95
SEK 191
NOK 2.00
NOK 4.45
NOK 6.45
SEK 0.58
NOK 154
SEK 76.5
NOK 2.82
Direction of
Recommendation
Buy
Buy
Reduce
Buy
Buy
Buy
Buy
Buy
Strong Buy
Reduce
Buy
Buy
Buy
Neutral
Neutral
Strong Buy
Buy
Buy
Buy
Buy
Reduce
Buy
Neutral
Neutral
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Reduce
Buy
Reduce
Sell
Reduce
Reduce
Neutral
Buy
Neutral
Reduce
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Intrum Justitia
Trelleborg
Fred Olsen Energy
Olainfarm
Kappahl
Scatec Solar ASA
StrongPoint
MTG
Aker Solutions
Norwegian Air Shuttle ASA
SAS
Yara International
Electrolux
Trelleborg
Akastor
EnQuest
Fred Olsen Energy
Norsk Hydro
Petroleum Geo Services
Polarcus
Questerre Energy Corp.
Yara International
Questerre Energy Corp.
Clas Ohlson
Opus Group
Atwood Oceanics
Diamond Offshore Drilling
Ensco Plc
Noble Corp.
REC Silicon
Rowan Companies Inc
Transocean Inc
Haldex
Autoliv
Fabege
H&M
SKF
BW LPG Ltd.
Scatec Solar ASA
Olainfarm
Elekta
Hexagon
Lundin Mining
Date of dissemination
2016-12-15
2016-12-15
2016-12-15
2016-12-15
2016-12-14
2016-12-14
2016-12-14
2016-12-13
2016-12-13
2016-12-13
2016-12-13
2016-12-13
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-12
2016-12-11
2016-12-08
2016-12-08
2016-12-08
2016-12-08
2016-12-08
2016-12-08
2016-12-08
2016-12-08
2016-12-08
2016-12-07
2016-12-06
2016-12-06
2016-12-06
2016-12-06
2016-12-06
2016-12-06
2016-12-05
2016-12-02
2016-12-02
2016-12-02
Analyst's name
Erik Elander, Mats Larsson
Mats Liss
Magnus Olsvik, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Stefan Olsson
Andreas Bertheussen
Marius Gaard, Hans Marius Lee Ludvigsen
Stefan Wård
Magnus Olsvik, Stig Erik Kyrkjeeide
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Anders Roslund, Mats Liss
Mats Liss
Magnus Olsvik
Teodor Sveen-Nilsen
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Stefan Olsson
Mats Liss, Andrej Rodionov, CFA
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Peter Hermanrud, Andreas Bertheussen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Mats Liss
Mats Liss, Anders Roslund
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Olsson
Anders Roslund, Mats Liss
Christian Olsen Nordby
Andreas Bertheussen
Andrej Rodionov, CFA
Johan Unnerus
Mathias Lundberg, Anders Roslund
Ola Södermark, Mats Liss
Price Target
SEK 350
SEK 200
USD 2.12
EUR 9.00
SEK 52.0
NOK 49.0
NOK 18.0
SEK 330
NOK 42.0
NOK 400
SEK 18.0
NOK 350
SEK 250
SEK 190
NOK 12.0
SEK 2.50
USD 2.18
NOK 45.0
NOK 30.0
NOK 0.55
NOK 8.50
NOK 325
NOK 7.50
SEK 135
SEK 7.50
USD 10.0
USD 19.0
USD 10.0
USD 7.00
NOK 1.60
USD 15.0
USD 11.0
SEK 125
SEK 1050
SEK 165
SEK 300
SEK 190
NOK 44.0
NOK 46.0
EUR 9.00
SEK 100
SEK 355
SEK 48.0
Relevant
Market Price
SEK 293
SEK 178
NOK 21.8
EUR 8.36
SEK 44.5
NOK 35.8
NOK 12.9
SEK 253
NOK 42.7
NOK 281
SEK 14.6
NOK 325
SEK 211
SEK 179
NOK 14.0
SEK 4.57
NOK 19.3
NOK 42.4
NOK 29.6
NOK 0.29
NOK 5.25
NOK 327
NOK 5.25
SEK 138
SEK 6.15
USD 11.5
USD 18.8
USD 9.92
USD 6.54
NOK 1.12
USD 18.6
USD 14.6
SEK 116
SEK 954
SEK 143
SEK 268
SEK 174
NOK 31.5
NOK 33.9
EUR 8.40
SEK 75.2
SEK 315
SEK 48.0
Direction of
Recommendation
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Strong Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Reduce
Reduce
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Buy
Neutral
Buy
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Neutral
Accept bid
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
DNB
Panoro Energy
SpareBank 1 Nord-Norge
SpareBank 1 SMN
SpareBank 1 SR-Bank
Sparebanken Sør
Sparebanken Vest
Linas Agro Group
Nordecon
Outokumpu
Bulten
Systemair
Reach Subsea ASA
Tallink
Boliden
Diös
Lundin Mining
Saab
Systemair
Odfjell Drilling Ltd
Seadrill Limited
Alfa Laval
Magnolia Bostad AB
Oscar Properties
Atwood Oceanics
Diamond Offshore Drilling
Ensco Plc
Noble Corp.
Rowan Companies Inc
Seadrill Limited
Ship Finance International
Transocean Inc
Stockmann
Saab
Entra
Norwegian Property ASA
SpareBank 1 Nord-Norge
SpareBank 1 SMN
SpareBank 1 SR-Bank
Sparebanken Vest
Opus Group
Stora Enso
Höegh LNG Holdings Ltd
Date of dissemination
2016-12-02
2016-12-02
2016-12-02
2016-12-02
2016-12-02
2016-12-02
2016-12-02
2016-12-01
2016-12-01
2016-11-30
2016-11-29
2016-11-29
2016-11-29
2016-11-29
2016-11-28
2016-11-28
2016-11-28
2016-11-24
2016-11-24
2016-11-24
2016-11-24
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-23
2016-11-22
2016-11-21
2016-11-21
2016-11-21
2016-11-21
2016-11-21
2016-11-21
2016-11-21
2016-11-18
2016-11-18
2016-11-18
Analyst's name
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Marek Randma
Ola Södermark
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Magnus Olsvik
Marek Randma
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark, Mats Liss
Mats Liss
Mats Liss
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby, Jonas Shum
Magnus Olsvik, Marlene Skjellet Granerud
Marek Randma
Mats Liss
André Buhagen
André Buhagen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Mats Liss, Andrej Rodionov, CFA
Ola Södermark
Christian Olsen Nordby
Price Target
NOK 145
NOK 5.50
NOK 55.0
NOK 72.0
NOK 74.0
NOK 105
NOK 53.0
EUR 0.65
EUR 1.35
EUR 7.00
SEK 100
SEK 130
NOK 2.00
EUR 1.10
SEK 280
SEK
SEK
SEK
USD
USD
SEK
SEK
SEK
USD
USD
USD
USD
USD
USD
USD
USD
EUR
SEK
NOK
NOK
NOK
NOK
NOK
NOK
SEK
EUR
NOK
46.0
370
130
1.31
1.80
145
135
110
10.0
19.0
10.0
7.00
15.0
1.80
15.0
11.0
7.50
350
93.0
11.7
55.0
72.0
74.0
53.0
7.50
10.0
120
Relevant
Market Price
NOK 128
NOK 4.20
NOK 52.0
NOK 62.5
NOK 56.5
NOK 87.0
NOK 47.0
EUR 0.65
EUR 1.33
EUR 7.19
SEK 88.3
SEK 119
NOK 1.86
EUR 0.87
SEK 244
SEK 46.5
SEK 47.2
SEK 332
SEK 117
NOK 13.1
NOK 21.8
SEK 136
SEK 107
SEK 77.8
USD 8.43
USD 17.0
USD 8.61
USD 5.71
USD 16.2
NOK 21.7
USD 14.6
USD 11.5
EUR 6.60
SEK 330
NOK 84.8
NOK 10.2
NOK 48.9
NOK 62.5
NOK 53.8
NOK 47.9
SEK 6.90
SEK 86.2
NOK 90.3
Direction of
Recommendation
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Reduce
Neutral
Neutral
Buy
Buy
Neutral
Strong Buy
Buy
No reco
Neutral
Buy
Buy
Neutral
Reduce
Neutral
Buy
Strong Buy
Neutral
Buy
Neutral
Neutral
Neutral
Reduce
Neutral
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Elekta
Nibe Industrier
Frontline
SalMar
Wentworth Resources
Olainfarm
Lundin Mining
Nokia
Systemair
DNB
ShaMaran Petroleum
Sino Agro Food
Opus Group
AF Gruppen
Africa Oil Corp.
Austevoll Seafood ASA
SalMar
AstraZeneca
Bactiguard
Recipharm
DNO International
Grieg Seafood
Höegh LNG Holdings Ltd
Subsea 7 S.A.
Besqab
Ericsson
Lundin Gold
Mekonomen
New Wave
Nibe Industrier
Peab
Leroy Seafood
Odfjell
Questerre Energy Corp.
B3IT
Hemfosa
Hufvudstaden
ICA Gruppen
Lucara Diamond Corp.
BW LPG Ltd.
DNO International
Bonava
Kongsberg Automotive ASA
Date of dissemination
2016-11-17
2016-11-17
2016-11-17
2016-11-17
2016-11-17
2016-11-17
2016-11-16
2016-11-16
2016-11-16
2016-11-16
2016-11-16
2016-11-16
2016-11-15
2016-11-15
2016-11-15
2016-11-15
2016-11-15
2016-11-14
2016-11-14
2016-11-14
2016-11-14
2016-11-14
2016-11-14
2016-11-14
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-11
2016-11-10
2016-11-10
2016-11-10
2016-11-10
2016-11-10
2016-11-10
2016-11-10
2016-11-09
2016-11-09
Analyst's name
Johan Unnerus
Mats Liss
Christian Olsen Nordby
Marius Gaard
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Ola Södermark, Mats Liss
Mathias Lundberg, Stefan Wård
Mats Liss
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marius Gaard
Mats Liss, Andrej Rodionov, CFA
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marius Gaard
Marius Gaard
Johan Unnerus
Johan Unnerus
Johan Unnerus
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marius Gaard
Christian Olsen Nordby
Stig Erik Kyrkjeeide, Magnus Olsvik
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Stefan Wård
Ola Södermark
Mats Liss
Stefan Olsson
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Marius Gaard
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Mats Larsson, Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Olsson
Ola Södermark
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Price Target
SEK 100
SEK 78.0
NOK 45.0
NOK 255
NOK 4.00
EUR 9.00
SEK 42.0
EUR 4.50
SEK 130
NOK 145
SEK 0.70
USD 11.3
SEK 7.25
NOK 145
SEK 18.0
NOK 91.0
NOK 273
SEK 565
SEK 15.0
SEK 145
NOK 12.0
NOK 91.0
NOK 120
NOK 120
SEK 220
SEK 50.0
SEK 48.0
SEK 190
SEK 55.0
SEK 78.0
SEK 70.0
NOK 565
NOK 45.0
NOK 3.50
SEK 83.0
SEK 100
SEK 140
SEK 270
SEK 27.0
NOK 35.0
NOK 12.0
SEK 130
Relevant
Market Price
SEK 80.0
SEK 66.3
NOK 63.7
NOK 258
NOK 2.29
EUR 8.35
SEK 42.6
EUR 3.81
SEK 111
NOK 125
SEK 0.53
USD 3.87
SEK 6.20
NOK 147
SEK 12.5
NOK 74.0
NOK 267
SEK 503
SEK 14.9
SEK 125
NOK 7.15
NOK 76.0
NOK 85.8
NOK 94.0
SEK 218
SEK 46.3
SEK 39.7
SEK 161
SEK 49.1
SEK 66.3
SEK 71.9
NOK 426
NOK 26.4
NOK 2.70
SEK 76.3
SEK 80.3
SEK 135
SEK 287
SEK 23.8
NOK 28.4
NOK 6.80
SEK 119
NOK 6.36
Direction of
Recommendation
Buy
Buy
Reduce
Neutral
Buy
Buy
Neutral
Neutral
Buy
Buy
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Reduce
Buy
Strong Buy
Neutral
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
No reco
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Securitas
Wallenstam
Concordia Maritime AB
Kongsberg Automotive ASA
Norway Royal Salmon
Skandiabanken ASA
Merko Ehitus
New Wave
Bakkafrost
Golden Ocean Group
Link Mobility Group ASA
Silvano Fashion Group
Securitas
Nordic Semiconductor
Odfjell
Veidekke
Grieg Seafood
Leroy Seafood
Norway Royal Salmon
Kongsberg Automotive ASA
Kongsberg Automotive ASA
B3IT
Balder
Outokumpu
Bakkafrost
Concordia Maritime AB
Entra
Link Mobility Group ASA
Ocean Yield
Sandnes Sparebank
Ekspress Grupp
Itab Shop Concept
Kindred
TDC
REC Silicon
Tanker Investments Ltd.
Veidekke
Tallinna Vesi
ICA Gruppen
Lucara Diamond Corp.
Akastor
DHT Holdings, Inc.
Lundin Petroleum
Date of dissemination
2016-11-09
2016-11-09
2016-11-09
2016-11-09
2016-11-09
2016-11-09
2016-11-09
2016-11-08
2016-11-08
2016-11-08
2016-11-08
2016-11-08
2016-11-07
2016-11-07
2016-11-07
2016-11-07
2016-11-06
2016-11-06
2016-11-06
2016-11-05
2016-11-05
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-04
2016-11-03
2016-11-03
2016-11-03
2016-11-03
2016-11-03
2016-11-03
2016-11-03
2016-11-02
2016-11-02
2016-11-02
2016-11-02
2016-11-02
Analyst's name
Stefan Wård
Jan Ihrfelt, CFA, Markus Gustafsson
Christian Olsen Nordby
Mats Liss
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Marek Randma
Stefan Olsson
Marius Gaard
Christian Olsen Nordby
Andreas Bertheussen
Andrej Rodionov, CFA
Stefan Wård
Andreas Bertheussen, André Buhagen
Christian Olsen Nordby
Bengt Kirkøen, Ingvild Almestad Aasen
Marius Gaard
Marius Gaard
Marius Gaard
Mats Liss
Mats Liss
Mats Larsson, Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark
Marius Gaard
Christian Olsen Nordby
André Buhagen
Andreas Bertheussen
Christian Olsen Nordby
Bengt Kirkøen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Erik Elander, Mats Larsson
Mathias Lundberg
Stefan Wård, Stefan Olsson
Peter Hermanrud, Andreas Bertheussen
Christian Olsen Nordby
Bengt Kirkøen, Ingvild Almestad Aasen
Marek Randma
Stefan Olsson
Ola Södermark
Magnus Olsvik
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Price Target
SEK 155
SEK 70.0
SEK 16.0
NOK
NOK
EUR
SEK
NOK
NOK
NOK
EUR
SEK
NOK
NOK
NOK
NOK
NOK
NOK
193
70.0
8.80
55.0
365
50.0
190
2.70
155
47.0
45.0
140
89.0
530
190
SEK
SEK
EUR
NOK
SEK
NOK
NOK
NOK
NOK
EUR
SEK
SEK
DKK
NOK
NOK
NOK
EUR
SEK
SEK
NOK
USD
SEK
83.0
230
6.50
365
16.0
98.0
190
75.0
36.0
1.25
70.0
125
38.0
1.20
50.0
140
13.5
270
30.0
9.50
3.70
150
Relevant
Market Price
SEK 131
SEK 67.5
SEK 15.0
NOK 6.36
NOK 180
NOK 59.5
EUR 8.36
SEK 47.3
NOK 353
NOK 29.8
NOK 150
EUR 2.33
SEK 137
NOK 33.8
NOK 26.0
NOK 121
NOK 71.8
NOK 426
NOK 176
NOK 6.87
NOK 6.87
SEK 75.0
SEK 192
EUR 6.22
NOK 345
SEK 15.4
NOK 88.3
NOK 150
NOK 68.8
NOK 36.2
EUR 1.29
SEK 69.8
SEK 81.7
DKK 36.6
NOK 1.19
NOK 44.7
NOK 119
EUR 13.8
SEK 276
SEK 25.7
NOK 12.9
USD 3.98
SEK 163
Direction of
Recommendation
Buy
Neutral
Neutral
No reco
Buy
Buy
Buy
Buy
Neutral
Strong Buy
Buy
Buy
Buy
Buy
Strong Buy
Buy
Buy
Buy
Buy
No reco
No reco
Buy
Buy
Neutral
Neutral
Neutral
Strong Buy
Buy
Buy
Neutral
Reduce
Neutral
Buy
Neutral
Neutral
Neutral
Buy
Reduce
Neutral
Buy
Reduce
Neutral
Reduce
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Marine Harvest
Sparebanken Sør
Apranga
Concentric
Hexagon
DHT Holdings, Inc.
Diamond Offshore Drilling
Orkla
Tethys Oil
D. Carnegie & Co
Danske Bank
Electrolux
Hexagon
Mekonomen
NCC
Novo Nordisk
Oscar Properties
SSAB
Skanska
Sweco
Aker BP ASA
Aker Solutions
Entra
Norwegian Property ASA
Bilia
Akastor
ABB
Lundin Mining
NP3
Nokia
SCA
SOBI
Tobii AB
Ocean Yield
Petroleum Geo Services
Polarcus
SB1 Ringerike Hadeland
SpareBank 1 Nord-Norge
Spectrum
Statoil
Tanker Investments Ltd.
Tgs Nopec Geophysical
Wilh. Wilhelmsen ASA
Date of dissemination
2016-11-02
2016-11-02
2016-11-02
2016-11-01
2016-11-01
2016-11-01
2016-11-01
2016-11-01
2016-11-01
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-31
2016-10-30
2016-10-30
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
2016-10-28
Analyst's name
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Mats Liss
Mathias Lundberg, Anders Roslund
Christian Olsen Nordby
Magnus Olsvik, Marlene Skjellet Granerud
Hans Marius Lee Ludvigsen
Teodor Sveen-Nilsen
Jan Ihrfelt, CFA, Markus Gustafsson
Bengt Kirkøen
Anders Roslund, Mats Liss
Mathias Lundberg, Anders Roslund
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Erik Elander, Stefan Wård
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Stig Erik Kyrkjeeide
André Buhagen
André Buhagen
Mats Liss
Magnus Olsvik
Anders Roslund, Mats Liss
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Stefan Wård
Ola Södermark
Johan Unnerus
Mathias Lundberg
Christian Olsen Nordby
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Christian Olsen Nordby
Teodor Sveen-Nilsen, Magnus Olsvik
Christian Olsen Nordby
Price Target
NOK 165
NOK 100
EUR 2.70
SEK 110
SEK 350
USD 3.70
USD 19.0
NOK 79.0
SEK 70.0
SEK 135
DKK 213
SEK 260
SEK 350
SEK 190
SEK 215
DKK 325
SEK 100
SEK 31.0
SEK 190
SEK 215
NOK 160
NOK 42.0
NOK 98.0
NOK 12.4
SEK 235
NOK 7.50
SEK 205
SEK 36.0
SEK 50.0
EUR 4.50
SEK 280
SEK 145
SEK 89.8
NOK 75.0
NOK 30.0
NOK 0.65
NOK 215
NOK 53.0
NOK 40.0
NOK 130
NOK 50.0
NOK 220
NOK 32.0
Relevant
Market Price
NOK 151
NOK 84.3
EUR 2.54
SEK 108
SEK 316
USD 4.07
USD 16.5
NOK 78.1
SEK 62.8
SEK 102
DKK 208
SEK 212
SEK 351
SEK 159
SEK 234
DKK 238
SEK 61.3
SEK 28.4
SEK 194
SEK 180
NOK 130
NOK 38.7
NOK 89.0
NOK 10.9
SEK 206
NOK 12.0
SEK 187
SEK 34.9
SEK 47.0
EUR 4.32
SEK 257
SEK 95.9
SEK 66.2
NOK 70.0
NOK 23.4
NOK 0.36
NOK 174
NOK 45.8
NOK 25.8
NOK 138
NOK 45.9
NOK 170
NOK 25.5
Direction of
Recommendation
Buy
Buy
Neutral
Neutral
Buy
Neutral
Buy
Neutral
Buy
Buy
Neutral
Buy
Neutral
Buy
Reduce
Strong Buy
Strong Buy
Neutral
Neutral
Buy
Buy
Neutral
Strong Buy
Strong Buy
Buy
Reduce
Neutral
Neutral
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Reduce
Neutral
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
LHV Group
AstraZeneca
Autoliv
Corem Property Group
Gränges
Hexpol
Holmen
JM
Kinnevik
Lindab
Nordea
SKF
Telenor
Victoria Park
Aqualis
DNB
Nordea
Polarcus
SpareBank 1 SR-Bank
Sparebanken Vest
Telenor
Olympic Entertainment Group
Alfa Laval
D. Carnegie & Co
Indutrade
Millicom Int Cellular
Stora Enso
Swedbank
Wärtsilä
Magseis ASA
Scatec Solar ASA
Storebrand
Swedbank
Siauliu Bankas
Bulten
Corem Property Group
Haldex
Kindred
NP3
Saab
Sandvik
Trelleborg
Victoria Park
Date of dissemination
2016-10-28
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-27
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-26
2016-10-25
2016-10-25
2016-10-25
2016-10-25
2016-10-25
2016-10-25
2016-10-25
2016-10-25
2016-10-25
Analyst's name
Andrej Rodionov, CFA
Johan Unnerus
Mats Liss, Anders Roslund
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Ola Södermark
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Wård
Mats Liss, Ola Södermark
Bengt Kirkøen
Anders Roslund, Mats Liss
Stefan Olsson, Stefan Wård
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Teodor Sveen-Nilsen, Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Stefan Olsson, Stefan Wård
Marek Randma
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Erik Elander, Mats Larsson
Stefan Wård, Stefan Olsson
Ola Södermark
Bengt Kirkøen
Anders Roslund
Teodor Sveen-Nilsen, Magnus Olsvik
Andreas Bertheussen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Andrej Rodionov, CFA
Mats Liss, Andrej Rodionov, CFA
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Anders Roslund, Mats Liss
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Price Target
EUR 8.50
SEK 575
SEK 1000
SEK 40.0
SEK 100
SEK 88.0
SEK 300
SEK 270
SEK 282
SEK 85.0
SEK 87.0
SEK 160
NOK 165
SEK 24.0
NOK 5.50
NOK 140
SEK 87.0
NOK 0.65
NOK 70.0
NOK 50.0
NOK 165
EUR 1.95
SEK 135
SEK 135
SEK 167
USD 60.7
EUR 10.0
EUR
NOK
NOK
NOK
41.0
22.0
45.0
52.0
EUR
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
0.42
100
38.0
125
125
50.0
350
110
180
24.0
Relevant
Market Price
EUR 7.60
SEK 529
SEK 909
SEK 36.2
SEK 88.3
SEK 78.8
SEK 309
SEK 254
SEK 230
SEK 87.5
SEK 95.0
SEK 147
NOK 132
SEK 22.1
NOK 3.19
NOK 114
SEK 95.0
NOK 0.39
NOK 47.0
NOK 43.6
NOK 132
EUR 1.80
SEK 127
SEK 102
SEK 168
SEK 430
SEK 83.6
SEK 211
EUR 39.3
NOK 12.8
NOK 32.1
NOK 44.0
SEK 211
EUR 0.32
SEK 94.3
SEK 32.7
SEK 119
SEK 78.4
SEK 47.3
SEK 321
SEK 100
SEK 164
SEK 21.1
Direction of
Recommendation
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Strong Buy
Buy
Reduce
Buy
Strong Buy
Buy
Buy
Buy
Reduce
Neutral
Buy
Buy
Strong Buy
Neutral
Neutral
Buy
Neutral
Buy
Buy
No reco
Neutral
Buy
Buy
Buy
No reco
Strong Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
SpareBank 1 SMN
Assa Abloy
Atrium Ljungberg
Beijer Electronics
BillerudKorsnäs
Diös
Ericsson
Gunnebo
Metso
Novo Nordisk
Telia Company
AF
Volvo
Atlas Copco
Axfood
Betsson
Boliden
Fabege
Husqvarna
Klövern
MTG
SEB
SOBI
Tele2
Wihlborgs
Atwood Oceanics
Awilco Drilling PLC
Diamond Offshore Drilling
Ensco Plc
Fred Olsen Energy
Noble Corp.
North Atlantic Drilling Ltd
Norwegian Air Shuttle ASA
Ocean Rig UDW
Odfjell Drilling Ltd
Pacific Drilling S.A.
Prosafe
Rowan Companies Inc
SEB
Seadrill Limited
Sevan Drilling ASA
Skandiabanken ASA
Songa Offshore
Date of dissemination
2016-10-25
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-24
2016-10-23
2016-10-23
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
2016-10-21
Analyst's name
Bengt Kirkøen, Ingvild Almestad Aasen
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Anders Roslund, Mats Larsson
Ola Södermark
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Stefan Wård
Mats Liss
Anders Roslund
Johan Unnerus
Stefan Olsson, Stefan Wård
Stefan Wård
Mats Liss, Anders Roslund
Anders Roslund, Mats Liss
Stefan Olsson
Mathias Lundberg
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Wård
Bengt Kirkøen
Johan Unnerus
Stefan Olsson, Stefan Wård
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Bengt Kirkøen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Price Target
NOK 68.0
SEK 195
SEK 150
SEK 55.0
SEK 165
SEK 54.1
SEK 50.0
SEK 45.0
EUR 25.0
DKK 375
SEK 44.0
SEK 180
SEK 110
SEK 260
SEK 175
SEK 102
SEK 240
SEK 165
SEK 75.0
SEK 11.0
SEK 295
SEK 95.0
SEK 150
SEK 77.1
SEK 180
USD 11.0
NOK 33.0
USD 20.0
USD 10.0
USD 2.44
USD 7.25
NOK 400
USD 1.02
USD 15.0
SEK 95.0
USD 1.80
NOK 70.0
NOK 30.0
Relevant
Market Price
NOK 57.8
SEK 167
SEK 142
SEK 42.5
SEK 154
SEK 47.8
SEK 45.1
SEK 39.6
EUR 24.9
DKK 284
SEK 39.4
SEK 170
SEK 94.9
SEK 274
SEK 150
SEK 93.6
SEK 207
SEK 152
SEK 72.0
SEK 9.97
SEK 247
SEK 89.9
SEK 99.8
SEK 76.3
SEK 172
USD 9.44
NOK 28.9
USD 17.9
USD 8.95
NOK 17.6
USD 6.01
USD 2.75
NOK 300
USD 0.89
NOK 12.5
USD 3.81
NOK 30.0
USD 14.6
SEK 89.9
NOK 19.2
NOK 2.61
NOK 58.0
NOK 23.0
Direction of
Recommendation
Buy
Buy
Neutral
Buy
Neutral
Buy
Neutral
Buy
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
Neutral
Neutral
Neutral
Reduce
Neutral
Neutral
Neutral
No reco
Buy
No reco
Neutral
No reco
No reco
Neutral
Buy
Reduce
No reco
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Subsea 7 S.A.
Transocean Inc
Bilia
Elisa
Handelsbanken
Intrum Justitia
Investor
Kungsleden
Avance Gas Holding Ltd.
Handelsbanken
Kvaerner ASA
Sparebanken Møre
ABB
Atrium Ljungberg
Com Hem
Diös
Electrolux
Fabege
Fagerhult
Getinge
Lindab
Outokumpu
Tobii AB
Wihlborgs
Nordic Semiconductor
Gunnebo
Hexpol
Klövern
Kungsleden
SKF
SSAB
Hexagon Composites
Olainfarm
Tallinna Kaubamaja
Alfa Laval
Axfood
Nokia
Sandvik
Wärtsilä
Akastor
Aker Solutions
Aqualis
Emgs
Date of dissemination
2016-10-21
2016-10-21
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-20
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-19
2016-10-18
2016-10-18
2016-10-18
2016-10-18
2016-10-18
2016-10-18
2016-10-18
2016-10-18
2016-10-18
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
Analyst's name
Stig Erik Kyrkjeeide, Magnus Olsvik
Magnus Olsvik, Marlene Skjellet Granerud
Mats Liss
Stefan Wård, Stefan Olsson
Bengt Kirkøen
Erik Elander, Mats Larsson
Johan Unnerus, Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Christian Olsen Nordby
Bengt Kirkøen
Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Stefan Wård, Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Johan Unnerus
Mats Liss, Ola Södermark
Ola Södermark
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Andreas Bertheussen, André Buhagen
Mats Liss
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Jan Ihrfelt, CFA, Markus Gustafsson
Anders Roslund, Mats Liss
Ola Södermark, Mats Liss
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Marek Randma
Anders Roslund, Mats Liss
Stefan Olsson
Mathias Lundberg, Stefan Wård
Anders Roslund, Mats Liss
Anders Roslund
Magnus Olsvik
Magnus Olsvik, Stig Erik Kyrkjeeide
Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Price Target
NOK 120
USD 10.0
SEK 230
EUR 29.0
SEK 107
SEK 310
SEK 350
SEK 66.6
NOK 25.0
SEK 107
NOK 12.5
NOK 265
SEK 205
SEK 150
SEK 82.5
SEK 53.3
SEK 260
SEK 158
SEK 265
SEK 200
SEK 90.0
EUR 6.00
SEK 89.8
SEK 175
NOK 44.0
SEK 46.0
SEK 90.0
SEK 11.0
SEK 66.6
SEK 155
SEK 30.0
NOK 30.0
EUR 9.00
EUR 7.90
SEK 135
SEK 180
EUR 4.50
SEK 105
EUR 41.0
NOK 5.50
NOK 44.0
NOK 6.00
NOK 3.00
Relevant
Market Price
NOK 91.8
USD 10.6
SEK 205
EUR 31.7
SEK 121
SEK 291
SEK 319
SEK 57.3
NOK 17.0
SEK 121
NOK 10.4
NOK 227
SEK 198
SEK 141
SEK 83.6
SEK 47.1
SEK 215
SEK 149
SEK 223
SEK 167
SEK 84.9
EUR 6.27
SEK 77.4
SEK 168
NOK 34.5
SEK 38.8
SEK 75.2
SEK 9.71
SEK 56.5
SEK 147
SEK 27.4
NOK 29.9
EUR 8.40
EUR 7.75
SEK 135
SEK 149
EUR 4.52
SEK 95.9
EUR 40.6
NOK 8.41
NOK 43.0
NOK 3.39
NOK 4.30
Direction of
Recommendation
Buy
Reduce
Neutral
Reduce
Reduce
Neutral
Buy
Buy
Buy
Reduce
Buy
Buy
Neutral
Neutral
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Neutral
Neutral
Buy
Neutral
Buy
Neutral
Reduce
Buy
Buy
Reduce
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Kvaerner ASA
Petroleum Geo Services
Polarcus
Reach Subsea ASA
Spectrum
Tgs Nopec Geophysical
AF
Archer
Beijer Electronics
Danske Bank
Holmen
Husqvarna
Intrum Justitia
Kappahl
Metso
SCA
Sweco
Norwegian Property ASA
Orkla
Assa Abloy
Atlas Copco
Betsson
Castellum
Ericsson
Fagerhult
Investor
Lundin Mining
Saab
Telia Company
Ericsson
Getinge
Telenor
Songa Offshore
Telenor
Baltic Horizon
Olympic Entertainment Group
BillerudKorsnäs
Com Hem
Elisa
Hexagon
Stora Enso
Volvo
Marine Harvest
Date of dissemination
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-17
2016-10-16
2016-10-16
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-14
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-13
2016-10-12
2016-10-12
2016-10-12
2016-10-12
2016-10-12
2016-10-12
2016-10-12
2016-10-11
2016-10-11
2016-10-11
2016-10-11
2016-10-11
2016-10-11
2016-10-11
Analyst's name
Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Stefan Wård
Magnus Olsvik
Anders Roslund, Mats Larsson
Bengt Kirkøen
Ola Södermark
Anders Roslund, Mats Liss
Erik Elander, Mats Larsson
Stefan Olsson
Anders Roslund
Ola Södermark
Erik Elander, Stefan Wård
André Buhagen
Hans Marius Lee Ludvigsen
Anders Roslund, Mats Liss
Anders Roslund, Mats Liss
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Stefan Wård
Mats Liss
Johan Unnerus, Mathias Lundberg
Ola Södermark, Mats Liss
Mats Liss
Stefan Olsson, Stefan Wård
Mathias Lundberg, Stefan Wård
Johan Unnerus
Stefan Olsson, Stefan Wård
Magnus Olsvik, Marlene Skjellet Granerud
Stefan Olsson, Stefan Wård
Andrej Rodionov, CFA
Marek Randma
Ola Södermark
Stefan Wård, Mathias Lundberg
Stefan Wård, Stefan Olsson
Mathias Lundberg, Anders Roslund
Ola Södermark
Mats Liss, Anders Roslund
Marius Gaard
Price Target
NOK 11.0
NOK 35.0
NOK 0.65
NOK 2.00
NOK 40.0
NOK 220
SEK 180
SEK
DKK
SEK
SEK
SEK
SEK
EUR
SEK
SEK
NOK
NOK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
NOK
NOK
NOK
58.0
215
300
75.0
285
52.0
25.0
280
215
12.4
78.0
195
250
102
135
55.0
250
350
36.0
330
48.0
68.0
195
165
30.0
165
EUR
SEK
SEK
EUR
SEK
EUR
SEK
NOK
1.95
165
75.0
27.5
350
10.0
110
176
Relevant
Market Price
NOK 10.0
NOK 25.4
NOK 0.47
NOK 1.75
NOK 25.0
NOK 175
SEK 176
NOK 6.62
SEK 44.4
DKK 197
SEK 304
SEK 72.2
SEK 271
SEK 45.0
EUR 25.7
SEK 252
SEK 176
NOK 10.8
NOK 80.8
SEK 174
SEK 261
SEK 83.0
SEK 122
SEK 49.4
SEK 233
SEK 318
SEK 35.0
SEK 309
SEK 38.2
SEK 61.9
SEK 163
NOK 137
NOK 19.0
NOK 137
EUR 1.33
EUR 1.83
SEK 155
SEK 79.8
EUR 31.8
SEK 374
SEK 79.3
SEK 99.4
NOK 149
Direction of
Recommendation
Buy
Buy
Neutral
Neutral
Buy
Buy
Neutral
No reco
Buy
Buy
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Buy
Strong Buy
Neutral
Buy
Neutral
Buy
Buy
Neutral
Neutral
Buy
Neutral
Buy
Buy
Neutral
Buy
Strong Buy
Buy
Strong Buy
No reco
Neutral
Buy
Neutral
Reduce
Neutral
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Norwegian Air Shuttle ASA
Yara International
Handelsbanken
Industrivärden
Nordea
SEB
Swedbank
AF Gruppen
DNB
Gjensidige Forsikring
Handelsbanken
Nordea
Norwegian Air Shuttle ASA
SEB
Sandnes Sparebank
Scatec Solar ASA
SpareBank 1 Nord-Norge
SpareBank 1 SMN
SpareBank 1 SR-Bank
Sparebanken Møre
Sparebanken Sør
Storebrand
Swedbank
Bulten
Gränges
Stolt-Nielsen Ltd
Boliden
MTG
Tele2
Helgeland Sparebank
SpareBank 1 SMN
SpareBank 1 SR-Bank
Sparebanken Møre
Sparebanken Vest
Haldex
Tallink
Trelleborg
Concordia Maritime AB
Apranga
H&M
Tobii AB
Stolt-Nielsen Ltd
Saab
Date of dissemination
2016-10-11
2016-10-11
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-10
2016-10-09
2016-10-09
2016-10-07
2016-10-06
2016-10-06
2016-10-06
2016-10-06
2016-10-06
2016-10-06
2016-10-06
2016-10-06
2016-10-05
2016-10-05
2016-10-04
2016-10-04
2016-10-04
2016-10-03
2016-10-03
2016-10-03
2016-09-30
Analyst's name
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Bengt Kirkøen
Mathias Lundberg, Anders Roslund
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Bengt Kirkøen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Andreas Bertheussen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Mats Liss, Andrej Rodionov, CFA
Mats Liss, Andrej Rodionov, CFA
Christian Olsen Nordby
Ola Södermark, Mats Liss
Stefan Wård
Stefan Olsson, Stefan Wård
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Mats Liss
Marek Randma
Mats Liss
Christian Olsen Nordby
Andrej Rodionov, CFA
Stefan Olsson
Mathias Lundberg
Christian Olsen Nordby
Mats Liss
Price Target
NOK 400
NOK 325
SEK 104
SEK 155
SEK 84.0
SEK 93.0
NOK
NOK
NOK
SEK
SEK
NOK
SEK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
145
120
147
104
84.0
400
93.0
36.0
45.0
51.0
68.0
60.0
255
90.0
45.0
SEK
SEK
NOK
SEK
SEK
SEK
NOK
NOK
NOK
NOK
NOK
SEK
EUR
SEK
SEK
EUR
SEK
SEK
NOK
SEK
105
100
120
230
295
72.3
90.0
68.0
58.0
255
50.0
125
1.10
185
16.0
2.70
275
89.8
135
320
Relevant
Market Price
NOK 275
NOK 273
SEK 119
SEK 160
SEK 90.4
SEK 89.3
SEK 203
NOK 152
NOK 111
NOK 153
SEK 119
SEK 90.4
NOK 276
SEK 89.3
NOK 36.0
NOK 30.6
NOK 43.5
NOK 57.0
NOK 48.4
NOK 220
NOK 85.0
NOK 41.4
SEK 203
SEK 96.0
SEK 82.8
NOK 105
SEK 207
SEK 225
SEK 72.7
NOK 70.5
NOK 56.8
NOK 48.5
NOK 220
NOK 41.3
SEK 120
EUR 0.90
SEK 169
SEK 15.4
EUR 2.54
SEK 242
SEK 70.1
NOK 104
SEK 303
Direction of
Recommendation
Buy
Neutral
Reduce
Neutral
Reduce
Buy
No reco
Neutral
Buy
Neutral
Reduce
Reduce
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Buy
No reco
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Strong Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Austevoll Seafood ASA
Bakkafrost
Gjensidige Forsikring
Grieg Seafood
Leroy Seafood
Link Mobility Group ASA
Marine Harvest
Norway Royal Salmon
SalMar
Olympic Entertainment Group
Castellum
Elekta
Victoria Park
Seadrill Limited
Autoliv
H&M
Stora Enso
Norsk Hydro
Statoil
Yara International
Link Mobility Group ASA
REC Silicon
Novo Nordisk
Magnolia Bostad AB
Aker Solutions
Lindab
Baltic Horizon
REC Silicon
Haldex
Aker BP ASA
EnQuest
Entra
Securitas
Stockmann
Bulten
Concentric
Scatec Solar ASA
Betsson
D. Carnegie & Co
Handelsbanken
Nordea
SEB
Swedbank
Date of dissemination
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-30
2016-09-29
2016-09-29
2016-09-29
2016-09-29
2016-09-27
2016-09-27
2016-09-27
2016-09-26
2016-09-26
2016-09-26
2016-09-23
2016-09-23
2016-09-22
2016-09-21
2016-09-21
2016-09-20
2016-09-20
2016-09-19
2016-09-18
2016-09-16
2016-09-15
2016-09-15
2016-09-14
2016-09-14
2016-09-13
2016-09-13
2016-09-13
2016-09-09
2016-09-09
2016-09-09
2016-09-09
2016-09-09
2016-09-09
Analyst's name
Marius Gaard
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Marius Gaard
Marius Gaard
Andreas Bertheussen
Marius Gaard
Marius Gaard
Marius Gaard
Marek Randma
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik, Marlene Skjellet Granerud
Mats Liss, Anders Roslund
Stefan Olsson
Ola Södermark
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Andreas Bertheussen
Peter Hermanrud, Andreas Bertheussen
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik, Stig Erik Kyrkjeeide
Mats Liss, Ola Södermark
Andrej Rodionov, CFA
Peter Hermanrud, Andreas Bertheussen
Mats Liss
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen
André Buhagen
Stefan Wård
Marek Randma
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Andreas Bertheussen
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Price Target
NOK 82.0
NOK 343
NOK 147
NOK 75.0
NOK 535
NOK 190
NOK 176
NOK 161
NOK 265
EUR 1.95
SEK 135
SEK 77.0
USD
SEK
SEK
EUR
NOK
NOK
NOK
NOK
NOK
DKK
SEK
NOK
SEK
EUR
NOK
SEK
NOK
SEK
NOK
SEK
EUR
SEK
SEK
NOK
SEK
SEK
SEK
SEK
SEK
1.80
1025
290
10.0
38.0
125
325
190
1.00
385
150
44.0
90.0
1.55
1.50
125
120
3.00
98.0
155
7.50
99.0
110
45.0
102
135
99.0
82.0
93.0
Relevant
Market Price
NOK 64.0
NOK 319
NOK 148
NOK 60.3
NOK 392
NOK 159
NOK 140
NOK 137
NOK 231
EUR 1.83
SEK 130
SEK 82.8
SEK 24.8
NOK 15.4
SEK 908
SEK 245
SEK 76.4
NOK 35.4
NOK 128
NOK 272
NOK 163
NOK 1.20
DKK 308
SEK 119
NOK 35.2
SEK 82.0
EUR 1.32
NOK 1.22
SEK 128
NOK 117
SEK 3.17
NOK 85.3
SEK 144
EUR 7.11
SEK 90.0
SEK 110
NOK 29.8
SEK 91.1
SEK 108
SEK 116
SEK 85.4
SEK 86.0
SEK 198
Direction of
Recommendation
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Neutral
No reco
Reduce
Buy
Buy
Buy
Neutral
Reduce
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Neutral
Reduce
Strong Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Buy
Reduce
Neutral
Buy
No reco
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Handelsbanken
Nordea
SEB
Swedbank
Investor
Link Mobility Group ASA
Nordic Semiconductor
REC Silicon
Tallink
Haldex
Elekta
Linas Agro Group
Olainfarm
Frontline
Tgs Nopec Geophysical
Aker BP ASA
Lundin Petroleum
Odfjell Drilling Ltd
SAS
Seadrill Limited
Assa Abloy
Fagerhult
Reach Subsea ASA
LHV Group
Ericsson
Golar LNG Ltd
Kongsberg Gruppen ASA
Odfjell
Mekonomen
AF Gruppen
B3IT
SCA
Systemair
BW LPG Ltd.
Golden Ocean Group
Höegh LNG Holdings Ltd
Nordic Mining
Panoro Energy
SalMar
Balder
Lundin Gold
Avance Gas Holding Ltd.
Frontline
Date of dissemination
2016-09-09
2016-09-09
2016-09-09
2016-09-09
2016-09-08
2016-09-07
2016-09-07
2016-09-07
2016-09-07
2016-09-04
2016-09-02
2016-09-02
2016-09-02
2016-09-01
2016-09-01
2016-08-31
2016-08-31
2016-08-31
2016-08-31
2016-08-31
2016-08-30
2016-08-30
2016-08-30
2016-08-30
2016-08-29
2016-08-29
2016-08-29
2016-08-29
2016-08-26
2016-08-26
2016-08-25
2016-08-25
2016-08-25
2016-08-25
2016-08-25
2016-08-25
2016-08-25
2016-08-25
2016-08-25
2016-08-24
2016-08-24
2016-08-24
2016-08-24
Analyst's name
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Johan Unnerus, Mathias Lundberg
Andreas Bertheussen
Andreas Bertheussen, André Buhagen
Peter Hermanrud, Andreas Bertheussen
Marek Randma
Mats Liss
Johan Unnerus
Andrej Rodionov, CFA
Andrej Rodionov, CFA
Christian Olsen Nordby
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Anders Roslund, Mats Liss
Mats Liss
Magnus Olsvik
Andrej Rodionov, CFA
Mathias Lundberg, Stefan Wård
Christian Olsen Nordby
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Christian Olsen Nordby
Mats Liss
Bengt Kirkøen, Ingvild Almestad Aasen
Mats Larsson, Mathias Lundberg
Ola Södermark
Mats Liss
Christian Olsen Nordby
Christian Olsen Nordby
Christian Olsen Nordby
Andreas Bertheussen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marius Gaard
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark
Christian Olsen Nordby
Christian Olsen Nordby
Price Target
SEK 99.0
SEK 82.0
SEK 93.0
SEK
NOK
NOK
NOK
EUR
SEK
SEK
EUR
EUR
NOK
NOK
NOK
SEK
USD
SEK
USD
SEK
SEK
NOK
EUR
SEK
USD
NOK
NOK
SEK
NOK
SEK
SEK
SEK
NOK
NOK
NOK
NOK
NOK
NOK
SEK
SEK
NOK
NOK
340
170
52.0
1.50
1.10
110
70.0
0.60
9.00
50.0
170
120
140
1.02
20.0
1.80
190
250
2.00
8.00
68.0
35.0
150
45.0
200
145
74.0
285
135
24.0
50.0
120
10.8
6.00
237
245
48.0
13.0
60.0
Relevant
Market Price
SEK 116
SEK 85.4
SEK 86.0
SEK 198
SEK 308
NOK 136
NOK 41.2
NOK 1.20
EUR 0.88
SEK 104
SEK 74.3
EUR 0.66
EUR 8.26
NOK 62.3
NOK 145
NOK 115
SEK 154
NOK 7.20
SEK 17.5
NOK 21.1
SEK 180
SEK 222
NOK 1.70
EUR 7.31
SEK 62.1
USD 20.2
NOK 125
NOK 28.6
SEK 196
NOK 159
SEK 70.3
SEK 269
SEK 114
NOK 28.0
NOK 31.1
NOK 89.3
NOK 3.42
NOK 4.02
NOK 230
SEK 245
SEK 39.3
NOK 18.3
NOK 69.9
Direction of
Recommendation
Reduce
Neutral
Buy
No reco
Buy
Strong Buy
Buy
Strong Buy
Strong Buy
Neutral
Neutral
Reduce
Buy
Reduce
Buy
Neutral
Reduce
Neutral
Neutral
Reduce
Neutral
Neutral
Neutral
Buy
Neutral
Buy
Buy
Strong Buy
Buy
Neutral
Buy
Neutral
Buy
Neutral
Strong Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Neutral
Reduce
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Norway Royal Salmon
Fagerhult
Hufvudstaden
Bakkafrost
Austevoll Seafood ASA
Frontline
Grieg Seafood
Leroy Seafood
Nibe Industrier
Elekta
Opus Group
Fred Olsen Energy
Hexagon Composites
Marine Harvest
Sparebanken Vest
Holmen
Peab
Gränges
Höegh LNG Holdings Ltd
Norway Royal Salmon
SalMar
Nordecon
Stockmann
Victoria Park
Avance Gas Holding Ltd.
BW LPG Ltd.
Odfjell
Sparebanken Sør
Tethys Oil
Wentworth Resources
Olainfarm
Mekonomen
Systemair
TDC
Africa Oil Corp.
Tallink
Bactiguard
Helgeland Sparebank
Sandnes Sparebank
SpareBank 1 Nord-Norge
SpareBank 1 SMN
Spectrum
Veidekke
Date of dissemination
2016-08-24
2016-08-23
2016-08-23
2016-08-23
2016-08-22
2016-08-22
2016-08-22
2016-08-22
2016-08-21
2016-08-19
2016-08-19
2016-08-19
2016-08-19
2016-08-19
2016-08-19
2016-08-18
2016-08-18
2016-08-17
2016-08-17
2016-08-17
2016-08-17
2016-08-17
2016-08-16
2016-08-16
2016-08-16
2016-08-16
2016-08-16
2016-08-16
2016-08-16
2016-08-16
2016-08-16
2016-08-15
2016-08-15
2016-08-15
2016-08-15
2016-08-15
2016-08-12
2016-08-12
2016-08-12
2016-08-12
2016-08-12
2016-08-12
2016-08-12
Analyst's name
Marius Gaard
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Marius Gaard
Marius Gaard
Christian Olsen Nordby
Marius Gaard
Marius Gaard
Mats Liss
Johan Unnerus
Mats Liss, Andrej Rodionov, CFA
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Ola Södermark
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss, Andrej Rodionov, CFA
Christian Olsen Nordby
Marius Gaard
Marius Gaard
Marek Randma
Marek Randma
Jan Ihrfelt, CFA, Markus Gustafsson
Christian Olsen Nordby
Christian Olsen Nordby
Christian Olsen Nordby
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Mats Liss
Mats Liss
Stefan Wård, Stefan Olsson
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marek Randma
Johan Unnerus
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Price Target
NOK 152
SEK 200
SEK 140
NOK 325
NOK 71.0
NOK 60.0
NOK 64.0
NOK 445
SEK 81.1
SEK 65.0
SEK 7.50
USD 2.44
NOK 30.0
NOK 153
NOK 50.0
SEK 300
SEK 67.0
SEK 100
NOK 120
NOK 156
NOK 242
EUR 1.25
EUR 7.50
SEK 25.5
NOK 25.0
NOK 30.0
NOK 45.0
NOK 90.0
SEK 62.1
NOK 4.50
EUR 9.00
SEK 210
SEK 120
DKK 38.0
SEK 18.0
EUR 1.10
SEK 14.0
NOK 80.0
NOK 30.0
NOK 51.0
NOK 68.0
NOK 30.0
NOK 137
Relevant
Market Price
NOK 123
SEK 202
SEK 143
NOK 291
NOK 61.3
NOK 67.3
NOK 48.1
NOK 350
SEK 74.2
SEK 70.9
SEK 6.25
NOK 14.3
NOK 25.9
NOK 128
NOK 36.0
SEK 287
SEK 67.1
SEK 88.3
NOK 92.0
NOK 123
NOK 230
EUR 1.17
EUR 6.78
SEK 27.3
NOK 22.6
NOK 28.6
NOK 28.8
NOK 63.5
SEK 54.7
NOK 3.00
EUR 8.00
SEK 189
SEK 107
DKK 36.3
SEK 12.8
EUR 0.87
SEK 15.3
NOK 63.0
NOK 26.5
NOK 41.5
NOK 50.5
NOK 26.0
NOK 116
Direction of
Recommendation
Buy
Neutral
Neutral
Neutral
Neutral
Reduce
Buy
Buy
Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Neutral
Neutral
Buy
Neutral
Neutral
Neutral
Strong Buy
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Strong Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Stockmann
B3IT
Austevoll Seafood ASA
DHT Holdings, Inc.
Hexagon Composites
Marine Harvest
SpareBank 1 SR-Bank
StrongPoint
Hexagon
Atwood Oceanics
Diamond Offshore Drilling
Ensco Plc
Golden Ocean Group
Leroy Seafood
Noble Corp.
Rowan Companies Inc
Transocean Inc
Merko Ehitus
Novo Nordisk
Securitas
Ekspress Grupp
Lucara Diamond Corp.
Nokia
Tanker Investments Ltd.
Wilh. Wilhelmsen ASA
Haldex
Lundin Petroleum
Tgs Nopec Geophysical
Concordia Maritime AB
Archer
Tanker Investments Ltd.
Silvano Fashion Group
Wilh. Wilhelmsen ASA
Apranga
AstraZeneca
Lundin Mining
Subsea 7 S.A.
Tallinna Vesi
Holmen
Kindred
Olympic Entertainment Group
Bilia
Opus Group
Date of dissemination
2016-08-11
2016-08-10
2016-08-10
2016-08-10
2016-08-10
2016-08-10
2016-08-10
2016-08-10
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-09
2016-08-08
2016-08-08
2016-08-08
2016-08-05
2016-08-05
2016-08-05
2016-08-05
2016-08-04
2016-08-04
2016-08-04
2016-08-03
2016-08-02
2016-08-02
2016-08-02
2016-08-01
2016-08-01
2016-07-29
2016-07-29
2016-07-29
2016-07-29
2016-07-28
2016-07-28
2016-07-28
2016-07-27
2016-07-27
Analyst's name
Marek Randma
Mats Larsson, Mathias Lundberg
Marius Gaard
Christian Olsen Nordby
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Marius Gaard
Bengt Kirkøen, Ingvild Almestad Aasen
Marius Gaard, Hans Marius Lee Ludvigsen
Mathias Lundberg, Anders Roslund
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby
Marius Gaard
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Marek Randma
Johan Unnerus
Stefan Wård
Andrej Rodionov, CFA
Ola Södermark
Mathias Lundberg, Stefan Wård
Christian Olsen Nordby
Christian Olsen Nordby
Mats Liss
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Magnus Olsvik
Christian Olsen Nordby
Magnus Olsvik
Christian Olsen Nordby
Andrej Rodionov, CFA
Christian Olsen Nordby
Andrej Rodionov, CFA
Johan Unnerus
Ola Södermark, Mats Liss
Stig Erik Kyrkjeeide, Magnus Olsvik
Marek Randma
Ola Södermark
Mathias Lundberg
Marek Randma
Mats Liss
Mats Liss, Andrej Rodionov, CFA
Price Target
EUR 7.50
SEK 70.0
NOK 73.0
USD 4.90
NOK 30.0
NOK 160
NOK 58.0
NOK 15.5
SEK 345
USD 11.0
USD 20.0
USD 10.0
NOK 50.0
NOK 460
USD 7.25
USD 15.0
USD 10.0
EUR 9.00
DKK 375
SEK 150
EUR 1.30
SEK 30.0
EUR 5.00
NOK 50.0
NOK 32.0
SEK 110
SEK 134
NOK 140
SEK 16.0
NOK
EUR
NOK
EUR
SEK
SEK
NOK
EUR
SEK
SEK
EUR
SEK
SEK
50.0
2.15
32.0
2.90
560
36.0
90.0
13.5
300
125
2.05
230
7.00
Relevant
Market Price
EUR 6.17
SEK 57.0
NOK 74.0
USD 4.80
NOK 26.2
NOK 139
NOK 39.1
NOK 11.6
SEK 330
USD 11.0
USD 22.1
USD 9.24
NOK 29.5
NOK 401
USD 7.45
USD 15.0
USD 11.3
EUR 8.09
DKK 330
SEK 145
EUR 1.32
SEK 24.4
EUR 4.90
NOK 50.3
NOK 20.8
SEK 104
SEK 137
NOK 135
SEK 15.8
NOK 4.96
NOK 49.5
EUR 2.04
NOK 20.0
EUR 2.51
SEK 578
SEK 35.7
NOK 90.1
EUR 14.0
SEK 291
SEK 85.8
EUR 1.88
SEK 214
SEK 6.40
Direction of
Recommendation
Buy
Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Neutral
Neutral
Reduce
Neutral
Strong Buy
Buy
Neutral
Neutral
Reduce
Buy
Buy
Buy
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Reduce
Neutral
Neutral
No reco
Neutral
Neutral
Buy
Buy
Neutral
Neutral
Neutral
Reduce
Buy
Buy
Buy
Neutral
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Outokumpu
Concordia Maritime AB
Statoil
Siauliu Bankas
Hexagon
Nibe Industrier
Atwood Oceanics
Besqab
Indutrade
Recipharm
SSAB
Skanska
Ensco Plc
Polarcus
Autoliv
Concentric
ABB
Betsson
Hemfosa
Meda
Metso
Millicom Int Cellular
SKF
Stora Enso
Swedbank
Tele2
Scatec Solar ASA
Swedbank
BillerudKorsnäs
Danske Bank
Electrolux
Gränges
NCC
Nordea
Saab
Telia Company
Wärtsilä
Nordea
Petroleum Geo Services
REC Silicon
Yara International
Olympic Entertainment Group
Assa Abloy
Date of dissemination
2016-07-27
2016-07-27
2016-07-27
2016-07-27
2016-07-26
2016-07-26
2016-07-26
2016-07-25
2016-07-25
2016-07-25
2016-07-25
2016-07-25
2016-07-25
2016-07-25
2016-07-24
2016-07-24
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-22
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-21
2016-07-20
Analyst's name
Ola Södermark
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Mathias Lundberg, Anders Roslund
Mats Liss
Magnus Olsvik, Marlene Skjellet Granerud
Jan Ihrfelt, CFA, Markus Gustafsson
Erik Elander, Mats Larsson
Johan Unnerus
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Magnus Olsvik
Mats Liss, Anders Roslund
Mats Liss
Anders Roslund, Mats Liss
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Anders Roslund
Stefan Wård, Stefan Olsson
Anders Roslund, Mats Liss
Ola Södermark
Bengt Kirkøen
Stefan Olsson, Stefan Wård
Andreas Bertheussen
Bengt Kirkøen
Ola Södermark
Bengt Kirkøen
Anders Roslund, Mats Liss
Mats Liss, Andrej Rodionov, CFA
Jan Ihrfelt, CFA, Markus Gustafsson
Bengt Kirkøen
Mats Liss
Stefan Olsson, Stefan Wård
Anders Roslund
Bengt Kirkøen
Teodor Sveen-Nilsen, Magnus Olsvik
Peter Hermanrud, Andreas Bertheussen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Marek Randma
Anders Roslund, Mats Liss
Price Target
EUR 5.00
SEK 18.0
NOK 125
EUR 0.35
SEK 345
SEK 73.9
USD 12.0
SEK 195
SEK 167
SEK 145
SEK 30.0
SEK 180
USD 11.0
NOK 0.75
SEK 1025
SEK 110
SEK 194
SEK 92.0
SEK 100
SEK 159
EUR 24.0
USD 66.0
SEK 145
EUR 9.00
SEK 72.3
NOK 56.0
SEK
DKK
SEK
SEK
SEK
SEK
SEK
SEK
EUR
SEK
NOK
NOK
NOK
EUR
SEK
155
205
260
100
200
75.0
320
48.0
41.0
75.0
35.0
2.70
325
2.15
200
Relevant
Market Price
EUR 4.76
SEK 16.5
NOK 143
EUR 0.31
SEK 335
SEK 69.3
USD 11.4
SEK 195
SEK 177
SEK 136
SEK 27.8
SEK 177
USD 9.10
NOK 0.64
SEK 896
SEK 104
SEK 179
SEK 82.3
SEK 89.0
SEK 157
EUR 24.1
SEK 456
SEK 134
SEK 74.7
SEK 177
SEK 72.1
NOK 37.8
SEK 177
SEK 140
DKK 181
SEK 223
SEK 84.0
SEK 201
SEK 76.1
SEK 289
SEK 39.2
EUR 37.2
SEK 76.1
NOK 16.5
NOK 1.59
NOK 274
EUR 1.92
SEK 185
Direction of
Recommendation
Neutral
Neutral
Reduce
Buy
Neutral
Buy
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Buy
Buy
Accept bid
Neutral
Buy
Neutral
Buy
No reco
Neutral
Buy
No reco
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Buy
Neutral
Neutral
Buy
Strong Buy
Neutral
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Boliden
Bonava
Ericsson
Hexpol
Intrum Justitia
Investor
MTG
Recipharm
SCA
Telenor
Telenor
Alfa Laval
Gunnebo
Lindab
Sandvik
Sweco
Trelleborg
Volvo
Aker Asa
Entra
Marine Harvest
Olainfarm
Atlas Copco
Handelsbanken
Husqvarna
JM
SOBI
Handelsbanken
REC Silicon
Orkla
Beijer Electronics
Betsson
Corem Property Group
Getinge
Haldex
Kindred
NP3
SEB
Victoria Park
Akastor
Aker Solutions
Gjensidige Forsikring
Kvaerner ASA
Date of dissemination
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-20
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-19
2016-07-18
2016-07-18
2016-07-18
2016-07-18
2016-07-18
2016-07-18
2016-07-18
2016-07-16
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
2016-07-15
Analyst's name
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Stefan Wård
Mats Liss
Erik Elander, Mats Larsson
Johan Unnerus, Mathias Lundberg
Stefan Wård
Johan Unnerus
Ola Södermark
Stefan Olsson, Stefan Wård
Stefan Olsson, Stefan Wård
Anders Roslund, Mats Liss
Mats Liss
Mats Liss, Ola Södermark
Anders Roslund, Mats Liss
Erik Elander, Stefan Wård
Mats Liss
Mats Liss, Anders Roslund
Peter Hermanrud, Vetle Holt Johansen
André Buhagen
Marius Gaard
Andrej Rodionov, CFA
Anders Roslund, Mats Liss
Bengt Kirkøen
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Bengt Kirkøen
Peter Hermanrud, Andreas Bertheussen
Hans Marius Lee Ludvigsen
Anders Roslund, Mats Larsson
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Mats Liss
Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Bengt Kirkøen
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik
Magnus Olsvik, Stig Erik Kyrkjeeide
Bengt Kirkøen, Ingvild Almestad Aasen
Magnus Olsvik
Price Target
SEK 205
SEK 110
SEK 70.0
SEK 90.0
SEK 285
SEK 330
SEK 295
SEK 140
SEK 285
NOK 165
NOK 165
SEK 135
SEK 47.0
SEK 77.0
SEK 100
SEK 170
SEK 175
SEK 105
NOK 260
NOK 94.0
NOK 160
EUR 8.50
SEK 240
SEK 91.0
SEK 75.0
SEK 230
SEK 150
SEK 91.0
NOK 2.70
NOK 76.0
SEK 58.0
SEK 87.0
SEK 33.0
SEK 195
SEK 80.0
SEK 125
SEK 51.0
SEK 85.0
SEK 23.0
NOK 5.50
NOK 40.0
NOK 145
NOK 11.0
Relevant
Market Price
SEK 183
SEK 102
SEK 60.8
SEK 91.1
SEK 267
SEK 285
SEK 215
SEK 124
SEK 260
NOK 148
NOK 148
SEK 129
SEK 43.9
SEK 68.9
SEK 88.2
SEK 153
SEK 158
SEK 88.8
NOK 237
NOK 84.8
NOK 143
EUR 7.60
SEK 235
SEK 104
SEK 70.3
SEK 208
SEK 114
SEK 104
NOK 1.76
NOK 78.2
SEK 47.0
SEK 72.1
SEK 32.0
SEK 173
SEK 105
SEK 81.2
SEK 45.0
SEK 73.5
SEK 21.5
NOK 8.68
NOK 36.9
NOK 143
NOK 7.85
Direction of
Recommendation
Buy
Neutral
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Strong Buy
Strong Buy
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Strong Buy
Buy
Neutral
Neutral
Reduce
Neutral
Neutral
Buy
Reduce
Strong Buy
Neutral
Buy
Buy
Buy
Buy
Deny bid
Buy
Buy
Buy
Neutral
Reduce
Neutral
Neutral
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
SEB
Tallinna Kaubamaja
Investor
Kungsleden
Aker BP ASA
DNB
Norwegian Air Shuttle ASA
Storebrand
AF
Atrium Ljungberg
Beijer Electronics
Bulten
Com Hem
Ericsson
Husqvarna
Itab Shop Concept
Kongsberg Automotive ASA
Lucara Diamond Corp.
Metso
Wärtsilä
Kongsberg Automotive ASA
Nordic Semiconductor
Olympic Entertainment Group
Diös
Fabege
Gunnebo
Industrivärden
Klövern
Saab
Wihlborgs
Hafslund ASA
Norwegian Property ASA
Hexpol
NP3
Outokumpu
Entra
Etrion Corporation
Norwegian Property ASA
Gränges
Stora Enso
Link Mobility Group ASA
Orkla
Nordic Semiconductor
Date of dissemination
2016-07-15
2016-07-15
2016-07-14
2016-07-14
2016-07-14
2016-07-14
2016-07-14
2016-07-14
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-13
2016-07-12
2016-07-12
2016-07-12
2016-07-12
2016-07-12
2016-07-12
2016-07-12
2016-07-12
2016-07-12
2016-07-11
2016-07-11
2016-07-11
2016-07-11
2016-07-11
2016-07-11
2016-07-08
2016-07-08
2016-07-08
2016-07-08
2016-07-07
Analyst's name
Bengt Kirkøen
Marek Randma
Johan Unnerus, Mathias Lundberg
Jan Ihrfelt, CFA, Markus Gustafsson
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Stefan Wård
Jan Ihrfelt, CFA, Markus Gustafsson
Anders Roslund, Mats Larsson
Mats Liss, Andrej Rodionov, CFA
Stefan Wård, Mathias Lundberg
Mathias Lundberg, Stefan Wård
Anders Roslund, Mats Liss
Erik Elander, Mats Larsson
Mats Liss
Ola Södermark
Anders Roslund
Anders Roslund
Mats Liss
Andreas Bertheussen, André Buhagen
Marek Randma
Jan Ihrfelt, CFA, Markus Gustafsson
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Mathias Lundberg, Anders Roslund
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Marius Gaard
André Buhagen
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark
André Buhagen
Peter Hermanrud, Andreas Bertheussen
André Buhagen
Mats Liss, Andrej Rodionov, CFA
Ola Södermark
Andreas Bertheussen
Hans Marius Lee Ludvigsen
Andreas Bertheussen, André Buhagen
Price Target
SEK 85.0
EUR 7.50
SEK 325
SEK 65.6
NOK 116
NOK 120
NOK 400
NOK 45.0
SEK 160
SEK 145
SEK 63.0
SEK 88.0
SEK 75.0
SEK 70.0
SEK 70.0
SEK 70.0
SEK 26.0
EUR 22.0
EUR 42.0
NOK
EUR
SEK
SEK
SEK
SEK
SEK
SEK
SEK
NOK
NOK
SEK
SEK
EUR
NOK
USD
NOK
SEK
EUR
NOK
NOK
NOK
50.0
2.10
53.3
155
47.0
144
11.0
320
180
85.0
11.9
92.0
47.0
4.20
94.0
0.24
11.2
90.0
9.00
142
76.0
60.0
Relevant
Market Price
SEK 73.5
EUR 7.15
SEK 280
SEK 57.5
NOK 109
NOK 93.0
NOK 307
NOK 31.2
SEK 143
SEK 143
SEK 48.5
SEK 82.3
SEK 73.3
SEK 66.3
SEK 64.8
SEK 66.8
NOK 5.35
SEK 20.1
EUR 22.9
EUR 38.3
NOK 5.35
NOK 36.1
EUR 1.98
SEK 48.4
SEK 148
SEK 43.3
SEK 138
SEK 9.89
SEK 285
SEK 180
NOK 73.0
NOK 9.45
SEK 84.8
SEK 42.5
EUR 4.09
NOK 78.5
SEK 1.79
NOK 9.19
SEK 70.0
SEK 68.3
NOK 90.0
NOK 74.2
NOK 33.3
Direction of
Recommendation
Buy
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Neutral
Neutral
Neutral
Neutral
No reco
Buy
Neutral
Neutral
No reco
Buy
Buy
Buy
Buy
Buy
Neutral
Buy
Buy
Neutral
Neutral
Strong Buy
Neutral
Buy
Neutral
Strong Buy
Neutral
Strong Buy
Buy
Buy
Strong Buy
Neutral
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
SpareBank 1 SR-Bank
Sparebanken Vest
Tallink
Boliden
Handelsbanken
Lundin Mining
Nordea
SEB
Swedbank
Aqualis
Handelsbanken
Nordea
Norwegian Air Shuttle ASA
SEB
Scatec Solar ASA
Swedbank
AF
Lindab
SCA
Emgs
Grieg Seafood
Kvaerner ASA
Betsson
Bulten
Com Hem
Kongsberg Automotive ASA
MTG
Kongsberg Automotive ASA
Marine Harvest
REC Silicon
SpareBank 1 Nord-Norge
SpareBank 1 SMN
Sparebanken Vest
Apranga
Bilia
Trelleborg
AstraZeneca
Intrum Justitia
Novo Nordisk
Emgs
Gjensidige Forsikring
Link Mobility Group ASA
Ship Finance International
Date of dissemination
2016-07-07
2016-07-07
2016-07-07
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-06
2016-07-05
2016-07-05
2016-07-05
2016-07-05
2016-07-05
2016-07-05
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-04
2016-07-03
2016-07-03
2016-07-01
2016-07-01
2016-07-01
2016-07-01
2016-07-01
2016-07-01
2016-07-01
Analyst's name
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Marek Randma
Ola Södermark, Mats Liss
Bengt Kirkøen
Ola Södermark, Mats Liss
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Magnus Olsvik
Bengt Kirkøen
Bengt Kirkøen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Bengt Kirkøen
Andreas Bertheussen
Bengt Kirkøen
Stefan Wård
Mats Liss, Ola Södermark
Ola Södermark
Teodor Sveen-Nilsen, Magnus Olsvik
Marius Gaard
Magnus Olsvik
Mathias Lundberg
Mats Liss, Andrej Rodionov, CFA
Stefan Wård, Mathias Lundberg
Mats Liss
Stefan Wård
Mats Liss
Marius Gaard
Peter Hermanrud, Andreas Bertheussen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Andrej Rodionov, CFA
Mats Liss
Mats Liss
Johan Unnerus
Erik Elander, Mats Larsson
Johan Unnerus
Teodor Sveen-Nilsen, Magnus Olsvik
Bengt Kirkøen, Ingvild Almestad Aasen
Andreas Bertheussen
Christian Olsen Nordby, Jonas Shum
Price Target
NOK 58.0
NOK 46.0
EUR 1.15
SEK 190
SEK 90.0
SEK 33.0
SEK 75.0
SEK 85.0
NOK
SEK
SEK
NOK
SEK
NOK
6.00
90.0
75.0
400
85.0
56.0
SEK
SEK
SEK
NOK
NOK
NOK
SEK
SEK
SEK
150
70.0
290
4.00
65.0
11.0
87.0
90.0
75.0
SEK 310
NOK
NOK
NOK
NOK
NOK
EUR
SEK
SEK
SEK
SEK
DKK
NOK
NOK
NOK
USD
160
2.70
51.0
69.0
49.0
2.90
220
175
545
285
375
6.00
142
140
15.0
Relevant
Market Price
NOK 36.8
NOK 35.0
EUR 0.91
SEK 165
SEK 95.8
SEK 30.3
SEK 68.1
SEK 69.8
SEK 171
NOK 2.70
SEK 95.8
SEK 68.1
NOK 281
SEK 69.8
NOK 35.7
SEK 171
SEK 142
SEK 64.8
SEK 272
NOK 6.80
NOK 54.0
NOK 7.75
SEK 67.5
SEK 81.5
SEK 73.2
NOK 5.52
SEK 225
NOK 5.52
NOK 143
NOK 1.43
NOK 40.2
NOK 47.3
NOK 35.1
EUR 2.47
SEK 210
SEK 152
SEK 506
SEK 263
DKK 358
NOK 6.80
NOK 139
NOK 88.0
USD 14.7
Direction of
Recommendation
Buy
Buy
Buy
Buy
Reduce
Neutral
Neutral
Buy
No reco
Buy
Reduce
Neutral
Buy
Buy
Buy
No reco
Neutral
Buy
Buy
Reduce
Buy
Buy
Buy
Buy
Neutral
No reco
Buy
No reco
Buy
Strong Buy
Buy
Buy
Strong Buy
Buy
Neutral
Buy
Buy
Neutral
Neutral
Reduce
Neutral
Strong Buy
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Storebrand
Kappahl
Lucara Diamond Corp.
Bakkafrost
Ensco Plc
Kvaerner ASA
Ocean Rig UDW
Pacific Drilling S.A.
Autoliv
Concentric
Haldex
DNB
Norsk Hydro
Ocean Yield
Danske Bank
SOBI
DNB
Emgs
North Energy ASA
Norwegian Energy Company
Petroleum Geo Services
Polarcus
Spectrum
Tgs Nopec Geophysical
ABB
Electrolux
Volvo
Africa Oil Corp.
Aker BP ASA
Atlantic Petroleum
Atwood Oceanics
DHT Holdings, Inc.
DNO International
Diamond Offshore Drilling
EnQuest
Ensco Plc
Fred Olsen Energy
Interoil
Lundin Petroleum
Noble Corp.
Norwegian Air Shuttle ASA
Ocean Rig UDW
Odfjell Drilling Ltd
Date of dissemination
2016-07-01
2016-06-30
2016-06-30
2016-06-30
2016-06-30
2016-06-30
2016-06-30
2016-06-30
2016-06-29
2016-06-29
2016-06-29
2016-06-29
2016-06-29
2016-06-29
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-28
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
Analyst's name
Bengt Kirkøen, Ingvild Almestad Aasen
Stefan Olsson
Ola Södermark
Marius Gaard
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Mats Liss, Anders Roslund
Mats Liss
Mats Liss
Bengt Kirkøen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Christian Olsen Nordby
Bengt Kirkøen
Johan Unnerus
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Anders Roslund, Mats Liss
Anders Roslund, Mats Liss
Mats Liss, Anders Roslund
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Price Target
NOK 45.0
SEK 38.0
SEK 26.0
NOK 335
USD 11.0
NOK 11.0
SEK
SEK
SEK
NOK
NOK
NOK
DKK
SEK
NOK
NOK
NOK
1050
105
80.0
120
38.0
65.0
205
145
130
6.00
1.00
NOK
NOK
NOK
NOK
SEK
SEK
SEK
SEK
NOK
NOK
USD
USD
NOK
USD
SEK
USD
USD
NOK
SEK
USD
NOK
35.0
0.75
30.0
120
185
260
95.0
18.0
92.0
5.00
12.0
4.90
12.0
21.0
3.00
11.0
3.97
1.00
128
8.00
400
USD 0.84
Relevant
Market Price
NOK 31.4
SEK 33.0
SEK 22.8
NOK 322
USD 9.92
NOK 7.32
USD 2.53
USD 7.35
SEK 931
SEK 95.8
SEK 76.5
NOK 97.6
NOK 29.7
NOK 57.5
DKK 165
SEK 97.3
NOK 96.7
NOK 7.20
NOK 1.32
NOK 19.6
NOK 19.2
NOK 0.60
NOK 25.0
NOK 125
SEK 176
SEK 234
SEK 92.9
SEK 12.4
NOK 95.1
NOK 10.1
USD 12.3
USD 5.14
NOK 8.95
USD 24.6
SEK 3.77
USD 9.94
NOK 27.5
NOK 2.30
SEK 154
USD 8.68
NOK 312
USD 2.79
NOK 4.70
Direction of
Recommendation
Buy
Neutral
Neutral
Neutral
Neutral
Buy
No reco
No reco
Buy
Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Buy
Reduce
Reduce
No reco
Buy
Neutral
Buy
Neutral
Neutral
Buy
Buy
Buy
Neutral
Reduce
Neutral
Reduce
Buy
Reduce
Neutral
Neutral
Neutral
Sell
Reduce
Reduce
Buy
No reco
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Panoro Energy
Prosafe
Questerre Energy Corp.
Rowan Companies Inc
Seadrill Limited
ShaMaran Petroleum
Statoil
Stolt-Nielsen Ltd
Transocean Inc
Wentworth Resources
Africa Oil Corp.
Atlantic Petroleum
EnQuest
Interoil
Link Mobility Group ASA
North Energy ASA
Questerre Energy Corp.
ShaMaran Petroleum
Statoil
Wentworth Resources
Alfa Laval
Atlas Copco
H&M
Lucara Diamond Corp.
Nordea
SKF
Sandvik
Volvo
BW Offshore Ltd
Nordea
Getinge
NCC
Autoliv
Emgs
Ocean Yield
Polarcus
Assa Abloy
Austevoll Seafood ASA
Nordic Semiconductor
MQ
Tgs Nopec Geophysical
Kinnevik
Lindab
Date of dissemination
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-27
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-24
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-23
2016-06-22
2016-06-22
2016-06-21
2016-06-21
2016-06-21
2016-06-21
2016-06-20
2016-06-20
2016-06-20
2016-06-16
2016-06-16
2016-06-15
2016-06-15
Analyst's name
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Christian Olsen Nordby
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andreas Bertheussen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Anders Roslund, Mats Liss
Anders Roslund, Mats Liss
Stefan Olsson
Ola Södermark
Bengt Kirkøen
Anders Roslund, Mats Liss
Anders Roslund, Mats Liss
Mats Liss, Anders Roslund
Stig Erik Kyrkjeeide, Magnus Olsvik
Bengt Kirkøen
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss, Anders Roslund
Teodor Sveen-Nilsen, Magnus Olsvik
Christian Olsen Nordby
Teodor Sveen-Nilsen, Magnus Olsvik
Anders Roslund, Mats Liss
Marius Gaard
Andreas Bertheussen, André Buhagen
Anders Roslund
Teodor Sveen-Nilsen, Magnus Olsvik
Stefan Wård
Mats Liss, Ola Södermark
Price Target
NOK 6.00
NOK
USD
USD
SEK
NOK
NOK
USD
NOK
SEK
NOK
SEK
NOK
NOK
NOK
NOK
SEK
NOK
NOK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
1.50
16.0
1.80
0.80
125
135
9.50
5.50
18.0
5.00
3.00
1.00
100
1.00
1.50
0.80
125
5.50
140
230
300
28.0
75.0
150
97.0
105
SEK
SEK
SEK
SEK
NOK
NOK
NOK
SEK
NOK
NOK
SEK
NOK
SEK
SEK
75.0
195
200
1125
6.00
65.0
0.75
195
73.0
60.0
40.0
120
282
73.0
Relevant
Market Price
NOK 3.78
NOK 104
NOK 1.25
USD 17.8
NOK 27.2
SEK 0.49
NOK 139
NOK 94.0
USD 11.3
NOK 3.14
SEK 12.4
NOK 10.1
SEK 3.77
NOK 2.42
NOK 81.5
NOK 1.40
NOK 1.27
SEK 0.49
NOK 141
NOK 3.08
SEK 132
SEK 220
SEK 254
SEK 21.7
SEK 78.6
SEK 147
SEK 87.0
SEK 92.0
NOK 8.77
SEK 78.6
SEK 170
SEK 194
SEK 1014
NOK 6.80
NOK 54.0
NOK 0.57
SEK 162
NOK 71.0
NOK 36.9
SEK 35.0
NOK 120
SEK 184
SEK 66.1
Direction of
Recommendation
Neutral
No reco
Neutral
Reduce
Reduce
Neutral
Reduce
Buy
Reduce
Buy
Buy
Reduce
Neutral
Sell
Buy
Reduce
Neutral
Neutral
Reduce
Buy
Neutral
Neutral
Buy
Neutral
Neutral
Neutral
Buy
Buy
No reco
Neutral
Neutral
Neutral
Buy
Reduce
Buy
Neutral
Buy
Neutral
Buy
Buy
Neutral
Strong Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Stockmann
Hexagon Composites
Ericsson
Gränges
SAS
Tanker Investments Ltd.
Bonava
Aker BP ASA
BillerudKorsnäs
Boliden
Clas Ohlson
Com Hem
Systemair
Panoro Energy
Aker BP ASA
Tallink
Statoil
Frontline
Elekta
NCC
REC Silicon
Grindeks
Linas Agro Group
Olainfarm
Kvaerner ASA
SAS
Volvo
Gjensidige Forsikring
Golden Ocean Group
Songa Offshore
Norwegian Energy Company
Seadrill Limited
Sevan Drilling ASA
Ship Finance International
SSAB
Sandvik
Systemair
Archer
AstraZeneca
Atwood Oceanics
Austevoll Seafood ASA
Awilco Drilling PLC
Bakkafrost
Date of dissemination
2016-06-15
2016-06-15
2016-06-14
2016-06-14
2016-06-14
2016-06-13
2016-06-10
2016-06-10
2016-06-09
2016-06-09
2016-06-09
2016-06-09
2016-06-09
2016-06-08
2016-06-07
2016-06-07
2016-06-06
2016-06-03
2016-06-02
2016-06-02
2016-06-02
2016-06-02
2016-06-02
2016-06-02
2016-06-01
2016-05-31
2016-05-30
2016-05-30
2016-05-27
2016-05-27
2016-05-26
2016-05-26
2016-05-26
2016-05-26
2016-05-25
2016-05-25
2016-05-25
2016-05-25
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
Analyst's name
Marek Randma
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Mathias Lundberg, Stefan Wård
Mats Liss, Andrej Rodionov, CFA
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Christian Olsen Nordby
Jan Ihrfelt, CFA, Markus Gustafsson
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Ola Södermark
Ola Södermark, Mats Liss
Stefan Olsson
Stefan Wård, Mathias Lundberg
Mats Liss
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marek Randma
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Christian Olsen Nordby
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Peter Hermanrud, Andreas Bertheussen
Andrej Rodionov, CFA
Andrej Rodionov, CFA
Andrej Rodionov, CFA
Magnus Olsvik
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Mats Liss, Anders Roslund
Bengt Kirkøen, Ingvild Almestad Aasen
Christian Olsen Nordby
Magnus Olsvik, Marlene Skjellet Granerud
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby, Jonas Shum
Ola Södermark, Mats Liss
Anders Roslund, Mats Liss
Mats Liss
Magnus Olsvik
Johan Unnerus
Magnus Olsvik, Marlene Skjellet Granerud
Marius Gaard
Magnus Olsvik, Marlene Skjellet Granerud
Marius Gaard
Price Target
EUR 7.80
NOK 30.0
SEK 70.0
SEK 80.0
SEK 20.0
NOK 65.0
SEK 110
NOK 92.0
SEK 155
SEK 175
SEK 135
SEK 75.0
SEK 115
NOK 6.00
NOK 88.0
EUR 1.15
NOK 125
NOK 60.0
SEK 62.0
SEK 310
NOK 2.70
EUR
EUR
NOK
SEK
SEK
NOK
NOK
0.65
8.50
8.50
25.0
105
142
50.0
USD 1.81
USD 15.0
SEK 95.0
SEK 110
SEK
USD
NOK
NOK
NOK
515
10.0
77.0
27.0
325
Relevant
Market Price
EUR 5.83
NOK 22.5
SEK 61.1
SEK 64.0
SEK 18.5
NOK 56.5
SEK 107
NOK 83.8
SEK 128
SEK 155
SEK 154
SEK 72.3
SEK 103
NOK 4.98
NOK 84.7
EUR 1.02
NOK 132
NOK 71.8
SEK 63.0
SEK 200
NOK 1.86
EUR 4.51
EUR 0.66
EUR 7.57
NOK 7.81
SEK 23.2
SEK 92.5
NOK 143
NOK 28.3
NOK 32.0
NOK 19.6
NOK 29.3
NOK 2.62
USD 16.0
SEK 22.3
SEK 83.3
SEK 102
NOK 6.48
SEK 478
USD 10.8
NOK 71.5
NOK 24.2
NOK 315
Direction of
Recommendation
Buy
Buy
Neutral
Buy
Neutral
Buy
Neutral
Neutral
Buy
Buy
Reduce
Neutral
Neutral
Neutral
Neutral
Buy
Reduce
Reduce
Neutral
Neutral
Strong Buy
No reco
Neutral
Neutral
Buy
Neutral
Buy
Neutral
Strong Buy
No reco
No reco
Reduce
No reco
Neutral
No reco
Buy
Neutral
No reco
Buy
Neutral
Buy
Neutral
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Diamond Offshore Drilling
Fred Olsen Energy
Grieg Seafood
Havfisk ASA
Leroy Seafood
Marine Harvest
Noble Corp.
Norway Royal Salmon
Ocean Rig UDW
Odfjell Drilling Ltd
Pacific Drilling S.A.
Prosafe
SalMar
Seadrill Limited
Songa Offshore
SpareBank 1 Nord-Norge
SpareBank 1 SR-Bank
Transocean Inc
Avance Gas Holding Ltd.
SCA
BW LPG Ltd.
Tanker Investments Ltd.
Danske Bank
Handelsbanken
Nordea
Oriflame Cosmetics
SEB
Swedbank
DNB
Handelsbanken
Nordea
SEB
Sino Agro Food
Swedbank
Tanker Investments Ltd.
Wentworth Resources
Nordecon
Golar LNG Ltd
Golden Ocean Group
Höegh LNG Holdings Ltd
Link Mobility Group ASA
Storebrand
Tgs Nopec Geophysical
Date of dissemination
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-24
2016-05-23
2016-05-20
2016-05-20
2016-05-20
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-19
2016-05-18
2016-05-18
2016-05-18
2016-05-18
2016-05-18
2016-05-18
Analyst's name
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Marius Gaard
Marius Gaard
Marius Gaard
Marius Gaard
Magnus Olsvik, Marlene Skjellet Granerud
Marius Gaard
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Marius Gaard
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Magnus Olsvik, Marlene Skjellet Granerud
Christian Olsen Nordby
Ola Södermark
Christian Olsen Nordby
Christian Olsen Nordby
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Stefan Olsson
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen
Bengt Kirkøen
Bengt Kirkøen
Marius Gaard
Bengt Kirkøen
Christian Olsen Nordby
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Marek Randma
Christian Olsen Nordby
Christian Olsen Nordby
Christian Olsen Nordby
Andreas Bertheussen
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Magnus Olsvik
Price Target
USD 21.0
USD 4.29
NOK 55.0
NOK 36.0
NOK 440
NOK 153
USD 11.0
NOK 137
USD 0.91
NOK 222
USD 1.87
NOK
NOK
USD
NOK
SEK
NOK
NOK
DKK
SEK
SEK
SEK
SEK
51.0
58.0
10.0
46.0
275
39.0
62.0
215
110
92.0
175
93.0
NOK
SEK
SEK
SEK
USD
130
110
92.0
93.0
12.2
NOK
NOK
EUR
USD
NOK
NOK
NOK
NOK
NOK
62.0
5.50
1.25
35.0
20.0
120
86.0
45.0
120
Relevant
Market Price
USD 23.8
NOK 31.6
NOK 44.6
NOK 30.6
NOK 415
NOK 133
USD 8.29
NOK 97.8
USD 2.07
NOK 4.81
USD 0.44
NOK 311
NOK 230
NOK 25.7
NOK 33.0
NOK 38.2
NOK 40.0
USD 9.05
NOK 42.2
SEK 255
NOK 46.6
NOK 60.3
DKK 181
SEK 103
SEK 77.5
SEK 186
SEK 75.8
SEK 171
NOK 100
SEK 103
SEK 77.5
SEK 75.8
USD 5.00
SEK 171
NOK 64.0
NOK 3.70
EUR 1.11
USD 17.6
NOK 28.8
NOK 92.3
NOK 67.3
NOK 33.2
NOK 127
Direction of
Recommendation
Reduce
Neutral
Buy
Neutral
Buy
Buy
Reduce
Buy
No reco
Neutral
No reco
No reco
Neutral
Reduce
No reco
Buy
Buy
Reduce
Neutral
Buy
Neutral
Neutral
Buy
Neutral
Buy
Neutral
Buy
No reco
Buy
Neutral
Buy
Buy
Buy
No reco
Neutral
Buy
Buy
Buy
Reduce
Buy
Buy
Buy
Reduce
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Wilh. Wilhelmsen ASA
Bactiguard
Besqab
Elekta
Skanska
Emgs
Polarcus
Olainfarm
Tallink
Itab Shop Concept
Nibe Industrier
Opus Group
Sweco
AF Gruppen
Aker BP ASA
Farstad Shipping
Odfjell
Atlas Copco
Bactiguard
Balder
Hexagon
Mekonomen
Nokia
Peab
Austevoll Seafood ASA
Hexagon Composites
Lundin Petroleum
Veidekke
Yara International
Lucara Diamond Corp.
Trelleborg
Bakkafrost
Silvano Fashion Group
Securitas
Telenor
Grieg Seafood
Telenor
Merko Ehitus
Mekonomen
Nibe Industrier
Opus Group
ICA Gruppen
Swedish Match
Date of dissemination
2016-05-18
2016-05-13
2016-05-13
2016-05-13
2016-05-13
2016-05-13
2016-05-13
2016-05-13
2016-05-13
2016-05-12
2016-05-12
2016-05-12
2016-05-12
2016-05-12
2016-05-12
2016-05-12
2016-05-12
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-11
2016-05-10
2016-05-10
2016-05-10
2016-05-10
2016-05-09
2016-05-09
2016-05-09
2016-05-09
2016-05-09
2016-05-08
2016-05-08
2016-05-08
2016-05-06
2016-05-06
Analyst's name
Christian Olsen Nordby
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Andrej Rodionov, CFA
Marek Randma
Erik Elander, Mats Larsson
Mats Liss
Mats Liss, Andrej Rodionov, CFA
Erik Elander, Stefan Wård
Bengt Kirkøen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Stig Erik Kyrkjeeide
Christian Olsen Nordby
Anders Roslund, Mats Liss
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Mathias Lundberg, Anders Roslund
Mats Liss
Mathias Lundberg, Stefan Wård
Jan Ihrfelt, CFA, Markus Gustafsson
Marius Gaard
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Ola Södermark
Mats Liss
Marius Gaard
Andrej Rodionov, CFA
Stefan Wård
Stefan Olsson, Stefan Wård
Marius Gaard
Stefan Olsson, Stefan Wård
Marek Randma
Mats Liss
Mats Liss
Mats Liss, Andrej Rodionov, CFA
Stefan Olsson
Anders Roslund
Price Target
NOK 48.0
SEK 13.0
SEK 195
SEK 60.0
SEK 185
NOK 6.00
NOK 0.75
EUR 9.00
EUR 1.15
SEK 75.0
SEK 73.9
SEK 5.00
SEK 150
NOK 120
NOK 80.0
NOK
SEK
SEK
SEK
SEK
SEK
EUR
SEK
NOK
NOK
SEK
NOK
NOK
SEK
SEK
NOK
EUR
SEK
NOK
NOK
NOK
EUR
SEK
SEK
SEK
SEK
SEK
45.0
230
13.0
220
345
210
5.00
65.0
78.0
28.0
128
110
350
28.0
175
325
1.85
135
165
55.0
165
9.00
220
69.1
5.50
270
275
Relevant
Market Price
NOK 40.8
SEK 11.0
SEK 194
SEK 60.2
SEK 174
NOK 7.60
NOK 0.60
EUR 7.72
EUR 0.99
SEK 75.3
SEK 67.3
SEK 4.28
SEK 130
NOK 135
NOK 72.9
NOK 13.5
NOK 29.3
SEK 202
SEK 12.4
SEK 205
SEK 311
SEK 205
EUR 4.65
SEK 66.2
NOK 69.0
NOK 22.6
SEK 145
NOK 109
NOK 315
SEK 21.6
SEK 145
NOK 305
EUR 1.81
SEK 125
NOK 133
NOK 41.0
NOK 133
EUR 8.91
SEK 204
SEK 66.8
SEK 4.39
SEK 280
SEK 271
Direction of
Recommendation
Buy
Neutral
Neutral
Neutral
Neutral
Reduce
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Neutral
No reco
Strong Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Neutral
Buy
Neutral
Reduce
Neutral
Neutral
Buy
Buy
Neutral
Neutral
Buy
Strong Buy
Buy
Strong Buy
Neutral
Buy
Buy
Buy
Neutral
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Bakkafrost
Leroy Seafood
Marine Harvest
SalMar
Boliden
Hufvudstaden
Lucara Diamond Corp.
Meda
Nokia
DNO International
Helgeland Sparebank
Kvaerner ASA
Norway Royal Salmon
REC Silicon
Rowan Companies Inc
SB1 Ringerike Hadeland
SpareBank 1 SMN
Sparebanken Sør
Sparebanken Vest
Yara International
Tallinna Vesi
Ericsson
Lindab
Akastor
Archer
DHT Holdings, Inc.
Odfjell
Orkla
Petroleum Geo Services
Royal Caribbean Cruises
Ekspress Grupp
AstraZeneca
NCC
NP3
Novo Nordisk
Stockmann
Aker BP ASA
Wilh. Wilhelmsen ASA
Apranga
Autoliv
Electrolux
Hexpol
Kungsleden
Date of dissemination
2016-05-06
2016-05-06
2016-05-06
2016-05-06
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-04
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-03
2016-05-02
2016-05-02
2016-05-02
2016-05-02
2016-05-02
2016-05-02
2016-05-02
2016-05-02
2016-05-01
2016-04-29
2016-04-29
2016-04-29
Analyst's name
Marius Gaard
Marius Gaard
Marius Gaard
Marius Gaard
Ola Södermark, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark
Johan Unnerus
Mathias Lundberg, Stefan Wård
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Magnus Olsvik
Marius Gaard
Peter Hermanrud, Andreas Bertheussen
Magnus Olsvik, Marlene Skjellet Granerud
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Marek Randma
Mathias Lundberg, Stefan Wård
Mats Liss, Ola Södermark
Magnus Olsvik
Magnus Olsvik
Christian Olsen Nordby
Christian Olsen Nordby
Hans Marius Lee Ludvigsen
Teodor Sveen-Nilsen, Magnus Olsvik
Stig Erik Kyrkjeeide
Andrej Rodionov, CFA
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Jan Ihrfelt, CFA, Markus Gustafsson
Johan Unnerus
Marek Randma
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Christian Olsen Nordby
Andrej Rodionov, CFA
Mats Liss, Anders Roslund
Anders Roslund, Mats Liss
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Price Target
NOK 335
NOK 450
NOK 165
NOK 205
SEK 160
SEK 135
SEK 25.0
SEK 159
EUR 6.90
NOK 12.0
NOK 70.0
NOK 8.50
NOK 137
NOK 2.70
USD 16.0
NOK 205
NOK 69.0
NOK 79.0
NOK 49.0
NOK 375
EUR 13.5
SEK 80.0
SEK 68.0
NOK 6.00
USD
NOK
NOK
NOK
NOK
EUR
SEK
SEK
SEK
DKK
EUR
NOK
NOK
EUR
SEK
SEK
SEK
SEK
4.90
35.0
75.0
35.0
765
1.30
515
310
47.0
395
7.80
77.0
51.0
2.90
1125
260
90.0
66.6
Relevant
Market Price
NOK 294
NOK 394
NOK 128
NOK 203
SEK 140
SEK 125
SEK 17.6
SEK 150
EUR 5.09
NOK 8.20
NOK 62.0
NOK 7.52
NOK 99.7
NOK 1.79
USD 18.0
NOK 170
NOK 49.0
NOK 65.5
NOK 34.0
NOK 320
EUR 14.7
SEK 64.5
SEK 64.3
NOK 10.8
NOK 6.29
USD 5.79
NOK 30.9
NOK 71.1
NOK 26.1
USD 78.7
EUR 1.29
SEK 470
SEK 179
SEK 42.5
DKK 363
EUR 6.06
NOK 71.9
NOK 42.9
EUR 2.61
SEK 973
SEK 233
SEK 88.0
SEK 56.8
Direction of
Recommendation
Neutral
Buy
Buy
Neutral
Buy
Neutral
Buy
Accept bid
Neutral
Buy
Buy
Buy
Buy
Strong Buy
Reduce
Buy
Buy
Buy
Strong Buy
Buy
Reduce
Neutral
Buy
Reduce
No reco
Reduce
Buy
Neutral
Buy
Buy
Neutral
Buy
Buy
Buy
Neutral
Buy
Neutral
Buy
Neutral
Buy
Buy
Neutral
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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23 April 2017
Swedbank recommendation tracking list
Issuer
Lundin Mining
Recipharm
SCA
SKF
Stora Enso
Wihlborgs
Aker BP ASA
Aker Solutions
Avance Gas Holding Ltd.
Norway Royal Salmon
Orkla
StrongPoint
Subsea 7 S.A.
Assa Abloy
Corem Property Group
Gränges
Indutrade
Kindred
Lindab
Outokumpu
SOBI
BW LPG Ltd.
Concordia Maritime AB
Ensco Plc
Noble Corp.
Olympic Entertainment Group
Tallink
AF
Atlas Copco
Beijer Electronics
Bilia
Diös
Fabege
Gunnebo
Holmen
Novo Nordisk
Wallenstam
Aqualis
Polarcus
Statoil
Siauliu Bankas
Alfa Laval
AstraZeneca
Date of dissemination
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-29
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-28
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-27
2016-04-26
2016-04-26
Analyst's name
Ola Södermark, Mats Liss
Johan Unnerus
Ola Södermark
Anders Roslund, Mats Liss
Ola Södermark
Jan Ihrfelt, CFA, Markus Gustafsson
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Magnus Olsvik, Stig Erik Kyrkjeeide
Christian Olsen Nordby
Marius Gaard
Hans Marius Lee Ludvigsen
Marius Gaard, Hans Marius Lee Ludvigsen
Stig Erik Kyrkjeeide, Magnus Olsvik
Anders Roslund, Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss, Andrej Rodionov, CFA
Erik Elander, Mats Larsson
Mathias Lundberg
Mats Liss, Ola Södermark
Ola Södermark
Johan Unnerus
Christian Olsen Nordby
Christian Olsen Nordby
Magnus Olsvik, Marlene Skjellet Granerud
Magnus Olsvik, Marlene Skjellet Granerud
Marek Randma
Marek Randma
Stefan Wård
Anders Roslund, Mats Liss
Anders Roslund, Mats Larsson
Mats Liss
Jan Ihrfelt, CFA, Markus Gustafsson
Jan Ihrfelt, CFA, Markus Gustafsson
Mats Liss
Ola Södermark
Johan Unnerus
Jan Ihrfelt, CFA, Markus Gustafsson
Magnus Olsvik
Teodor Sveen-Nilsen, Magnus Olsvik
Teodor Sveen-Nilsen, Marlene Skjellet Granerud
Andrej Rodionov, CFA
Anders Roslund, Mats Liss
Johan Unnerus
Price Target
SEK 32.0
SEK
SEK
EUR
SEK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
SEK
SEK
SEK
SEK
SEK
SEK
EUR
SEK
NOK
SEK
USD
USD
EUR
EUR
SEK
SEK
SEK
SEK
SEK
SEK
SEK
SEK
DKK
SEK
NOK
NOK
NOK
EUR
SEK
SEK
275
150
9.00
172
70.0
28.0
46.0
137
75.0
15.5
70.0
195
32.0
75.0
167
125
66.0
3.60
145
41.0
18.0
12.0
11.0
2.25
1.25
145
230
63.0
200
54.1
150
50.0
300
405
70.0
7.50
1.30
125
0.33
140
515
Relevant
Market Price
SEK 30.0
SEK 133
SEK 256
SEK 152
SEK 74.6
SEK 165
NOK 70.2
NOK 31.9
NOK 58.7
NOK 98.8
NOK 70.2
NOK 12.2
NOK 73.5
SEK 172
SEK 29.0
SEK 69.0
SEK 157
SEK 97.5
SEK 65.1
EUR 3.78
SEK 118
NOK 50.9
SEK 17.3
USD 11.9
USD 12.0
EUR 1.94
EUR 0.98
SEK 143
SEK 215
SEK 49.4
SEK 170
SEK 47.8
SEK 131
SEK 42.9
SEK 267
DKK 362
SEK 69.9
NOK 2.60
NOK 1.08
NOK 137
EUR 0.25
SEK 132
SEK 487
Direction of
Recommendation
Neutral
No reco
Buy
Neutral
Buy
Neutral
Neutral
Neutral
Reduce
Buy
Neutral
Buy
Neutral
Buy
Buy
Buy
Neutral
Buy
Neutral
Neutral
Buy
Reduce
Neutral
Neutral
Reduce
Strong Buy
Strong Buy
Neutral
Neutral
Buy
Buy
Buy
Buy
Buy
Buy
Neutral
Neutral
Buy
Neutral
Reduce
Strong Buy
Neutral
Neutral
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
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Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
23 April 2017
Swedbank recommendation tracking list
Issuer
Bulten
Concentric
Getinge
Sandvik
Stockmann
Atrium Ljungberg
SSAB
Aqualis
Havfisk ASA
Kvaerner ASA
Norwegian Air Shuttle ASA
Sandnes Sparebank
Scatec Solar ASA
Sparebanken Møre
Date of dissemination
2016-04-26
2016-04-26
2016-04-26
2016-04-26
2016-04-26
2016-04-25
2016-04-25
2016-04-25
2016-04-25
2016-04-25
2016-04-25
2016-04-25
2016-04-25
2016-04-25
Analyst's name
Mats Liss, Andrej Rodionov, CFA
Mats Liss
Johan Unnerus
Anders Roslund, Mats Liss
Marek Randma
Jan Ihrfelt, CFA, Markus Gustafsson
Ola Södermark, Mats Liss
Magnus Olsvik
Marius Gaard
Magnus Olsvik
Hans-Erik Jacobsen, Ingvild Almestad Aasen
Bengt Kirkøen, Ingvild Almestad Aasen
Andreas Bertheussen
Bengt Kirkøen, Ingvild Almestad Aasen
Price Target
SEK 90.0
SEK 105
SEK 195
SEK 90.0
EUR 7.80
SEK 135
NOK
NOK
NOK
NOK
NOK
NOK
NOK
8.00
36.0
5.50
500
21.5
56.0
260
Relevant
Market Price
SEK 78.0
SEK 90.0
SEK 175
SEK 86.9
EUR 6.21
SEK 130
SEK 25.0
NOK 2.48
NOK 33.5
NOK 7.85
NOK 355
NOK 34.3
NOK 37.7
NOK 184
Direction of
Recommendation
Buy
Buy
Buy
Neutral
Buy
Neutral
No reco
Buy
Neutral
Neutral
Buy
Sell
Buy
Buy
Validity Time Period
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice
Until further notice