The recommendation for Stolt-Nielsen shares was raised to “buy” from “hold” by Norne Securities.
Shares of the Oslo-listed chemical tanker operator have fallen sharply after the second-quarter report last week.
“We made limited changes to our estimates, however, the share declined significantly post the report and this led to a higher upside even with a lowered NOK 500/share target price,” analyst Mindaugas Cekanavicius said in a note.
