Goldman Sachs downgraded Norsk Hydro (NHYDY) to Neutral from Buy with a price target of NOK 66, down from NOK 78. The firm cites its lowered alumina price forecasts and its belief better relative upside exists elsewhere for the downgrade.
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Read More on NHYDY:
- Norsk Hydro price target lowered to NOK 60 from NOK 75 at Citi
- Norsk Hydro price target lowered to NOK 85 from NOK 91 at Morgan Stanley
- Norsk Hydro price target lowered to NOK 78 from NOK 82 at Deutsche Bank
- Norsk Hydro upgraded to Hold from Sell at SEB Equities
- Norsk Hydro price target lowered to NOK 75 from NOK 76 at Citi
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