UBS confirms its Buy recommendation on the stock, with a target of NOK 77 ahead of next week's CMD. This target represents an 18% increase on the current share price.

' What are the main areas of focus for NHY's CMD 2023 on November 29? In our view, capital expenditure for 2024/25 is the most important variable', says UBS.

'Our main concern is the escalating cash leakage on renewable energy projects, which is impacting cash returns', said UBS in the summary of its research note last October.

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