|Over a week ago|
Neste downgraded to Sector Perform from Outperform at RBC Capital » 05:5111/1611/16/20
RBC Capital analyst Erwan…
RBC Capital analyst Erwan Kerouredan downgraded Neste to Sector Perform from Outperform with a price target of EUR 55, up from EUR 49. The analyst cites "intense competition ahead" and the stock's outperformance versus the energy sector for the downgrade.
Bunge to sell Rotterdam facility to Neste for EUR 258M in cash » 05:0511/0311/03/20
Bunge (BG) announced that…
Bunge (BG) announced that its Bunge Loders Croklaan JV has entered into an agreement to sell its refinery located in Rotterdam to Neste (NTOIY) for EUR 258M in cash, excluding working capital. Bunge will lease back the facility from Neste in a phased transition through 2024 so that it can continue to supply its customers with its products. The transaction is expected to close in Q1 of 2021, subject to regulatory approvals. With a portion of the proceeds from this transaction, Bunge will reinvest in its asset footprint to reach greater operational flexibility and efficiency and provide an enhanced portfolio of multi-oil refined products to its customers. "This transaction supports our long-term strategy in value-added oils and oilseeds-based ingredients by enabling us to further enhance our footprint in an innovative and sustainable way," said Greg Heckman, Bunge's Chief Executive Officer.
Neste price target raised to EUR 57 from EUR 47 at Berenberg » 13:2410/2610/26/20
Berenberg analyst Henry…
Berenberg analyst Henry Tarr raised the firm's price target on Neste to EUR 57 from EUR 47 and keeps a Buy rating on the shares.
|Over a month ago|
Neste price target raised to EUR 35 from EUR 33 at Barclays » 14:4210/2310/23/20
Barclays analyst Joshua…
Barclays analyst Joshua Stone raised the firm's price target on Neste to EUR 35 from EUR 33 and keeps an Equal Weight rating on the shares.
Neste initiated with a Peer Perform at Wolfe Research » 08:4910/2110/21/20
Wolfe Research analyst…
Wolfe Research analyst Sam Margolin initiated coverage of Neste with a Peer Perform rating and EUR 50 price target.
Neste price target raised to EUR 56.50 from EUR 43.50 at Morgan Stanley » 12:0309/2109/21/20
Morgan Stanley analyst…
Morgan Stanley analyst Sasikanth Chilukuru raised the firm's price target on Neste to EUR 56.50 from EUR 43.50 and keeps an Overweight rating on the shares.
Neste upgraded to Buy from Neutral at BofA » 05:0009/0209/02/20
BofA analyst Christopher…
BofA analyst Christopher Kuplent upgraded Neste to Buy from Neutral with a EUR 60 price target.
Neste price target raised to EUR 38 from EUR 32 at JPMorgan » 14:2709/0109/01/20
JPMorgan analyst Christyan Malek raised the firm's price target on Neste to EUR 38 from EUR 32 and keeps a Neutral rating on the shares.
|Over a quarter ago|
Neste price target raised to EUR 49 from EUR 39 at RBC Capital » 12:0908/0308/03/20
RBC Capital analyst Erwan…
RBC Capital analyst Erwan Kerouredan raised the firm's price target on Neste to EUR 49 from EUR 39 and keeps an Outperform rating on the shares.
Neste downgraded to Hold from Buy at Societe Generale » 06:3007/2907/29/20
Societe Generale analyst…
Societe Generale analyst Monika Rajoria downgraded Neste to Hold from Buy with a price target of EUR 41, up from EUR 39.50. The analyst sees a "weak" near-term outlook for the company's Oil Products division and a fair valuation at current share levels.