Avance Gas is back in Cleaves' good graces.
Sort of.
A week after downgrading the Oslo-traded gas carrier owner to sell, the bank's Joakim Hannisdahl said the 20% drop in share price was enough to bump it back up to buy.
"With our target price unchanged at NOK 22 [$2.46], our only motivation for the upgrade is the lower share price," Hannisdahl wrote.
