TheNordic investment bank’s shipping research division upgraded its Nasdaq-listedshares from “buy” to “strong buy” based on a bet that its core markets haveentered a period of recovery.
Therating change reflects renewed faith in the near-term future of bulker segmentand follows dramatic revisions to its freight rate forecasts for both wet anddry tonnage.
Onaverage, the investment bank’s maritime researchers raised their tanker andbulker rate estimates for 2014 by approximately 19% and 14%, respectively.
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