Morgan Stanley (NYSE:MS) confirmed their "equal weight" recommendation for Norsk Hydro ASA (OSL:NHY) and raised their target price from NOK45 to NOK 49. This seems to be based on increased demand for their core products.
Shares in Norsk Hydro have dropped just under 8 percent in the last year.
Norsk Hydro is a giant aluminum and energy company based in Norway.
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