04:14 AM EDT, 05/13/2026 (MT Newswires) -- AlphaValue/Baader Europe increased its price target for Norsk Hydro (NHY.OL), expecting the company to withstand cost-side challenges and Iran war headwinds with "minimal damage,"citing its business structure and positioning.

"Overall, Norsk Hydro - also part of [AlphaValue's] Active List - has been one of the biggest beneficiaries amongst miners of the war in Iran (+20% since late-February 2026 vs. +6.4% for AV miners). In addition, this is expected to be a lasting differentiation as energy markets (a key input) are not expected to normalise anytime soon, even if Middle Eastern aluminium supplies - including at Norsk's Qatalum assets - are restored gradually,"analysts said Tuesday.

As such, the add-rated stock's price target increased to 127 kroner from 126 kroner. The research firm also lifted its 2026 EPS estimate for the Norwegian company after the Iran war-triggered aluminum price rally, which in turn led to its "sizeable"first-quarter profit beat.

On the flip side, analysts trimmed their EPS forecast for 2027 by 0.78% to 9.2 kroner.