Danske Bank has upgraded shares in Odfjell suggesting its stock could receive a shot in the arm from the sale of its Rotterdam terminal.
Analyst Anders Karlsen has raised the Oslo-listed company from hold to buy and nudged up his target price from NOK 32 to NOK 39.
“Terminals remains a core business area, but Odfjell has indicated it will consider selling its Rotterdam terminal if the price is right,” Karlsen told clients.
