Danske Markets upgrades target price of Norden share

Danske Bank Markets knocks the share in Norden up a notch, following the dry bulk and tanker carrier's significant upgrade of the expectations for the result for 2015. Dry bulk has reached rock bottom, according to the bank's shipping analysts.

BY OLE ANDERSEN

Following Norden's full-year forecast upgrade for 2015 on Wednesday, Danske Bank is increasing its target price for the Danish dry bulk and product tanker carrier to USD 30 per share from the previous USD 24 per share, with the prospect of a stronger tanker market than was previously estimated.

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