Exposure to two improving markets has helped Exmar secure an initial buy rating from Kepler Cheuvreux.
Shares in the Nicolas Saverys-led shipowner climbed today after the initiation report, which placed an €8.5 per share target price on the stock.
Analysts Petter Haugen and Vetle Johansen say the confirmation of a contract in Argentina in November means both of Exmar’s FLNG vessels have long-term employment in place.
