Fearnleys boosts Havila Kystruten’s prospects despite debt costs

With Havila Kystruten’s newbuilding difficulties out of the way, Fearnley Securities is bullish on the Norwegian cruise and ferry operator.

The bank picked up coverage on Havila Kystruten on Wednesday, giving it a buy rating with a target price of NOK 1.80 ($0.16), as the company has sorted out its sanctions issues and can begin focusing on operations and cash flow.