Kepler Cheuvreux upgrades NKT to hold and raises target to DKK 895
Kepler Cheuvreux upgraded NKT to "hold" from "reduce" after a c.23% correction since the May peak. The broker raised its price target 14.7% to DKK 895 ($135.9), lifts long-term earnings estimates and models 2030 EBITDA at €859 million, below NKT's over €900 million target.