NKT Has More Than 33% Upside on European Electrification, Danske Says

• (PLX AI) - NKT is well positioned to benefit from the electrification trends in Europe, analysts at Danske Bank said, resuming coverage with a buy rating.
• • Price target of DKK 400 implies more than 33% upside
• • Electrification will be a long-term growth driver for all of NKT's business areas, and especially its core business of power cables, Danske said
• • Photonics will eventually be divested, with an estimated enterprise value of EUR 235 million: Danske
• • NKT shares were up 1.6% in early trading