Uncertainty of the macro-economic climate has prompted Fearnley Securities to cut Norwegian bulker player Belships’ stock from ‘buy’ to ‘hold’.
The investment bank praised the Oslo-listed company’s fleet and management for doing nearly everything right in recent years.
And a big first-quarter profit is predicted.
But analysts Peder Nicolai Jarlsby, Erik Gabriel Hovi and Ulrik Mannhart argue that there are too many “red flags” for the bulker sector to back the stock.
