Danske Bank has raised its price target for NTG Nordic Transport Group to 380 Danish kroner, up from 285, according to Placera.se. The bank also reiterated its buy recommendation on the Danish transport company, the outlet reported on Monday.
The note was cited by Placera.se with reference to BN. The revision lifts the target by 95 kroner, a roughly one-third increase over the previous level.
The report gives no further detail on the reasoning behind the change or on the company's recent performance, and no figures beyond the two target prices were disclosed.
The update places Danske Bank among the analysts tracked by Placera.se whose views on Nordic listed companies are reported regularly. The same summary of coverage also referenced Saab, where Inderes cut its rating to reduce while raising its target price, and where other outlets reported a removed buy tag and a sharp rise in order intake. Those items are separate from the NTG note.
What to watch next: whether other banks follow Danske Bank in revising their targets for NTG Nordic Transport Group, and how the company's shares react to the higher target.
