Analyst firms lower expectations for Norden
A weaker tanker market and the persistent downturn of the dry bulk market spur analysts at Pareto and Drewry to lower their target price for the Norden share, though it still looks like the perhaps strongest one in the dry bulk market.
BY OLE ANDERSEN
Several analyst firms are lowering their expectations for Norden and are reducing their target price for the carrier's share are the second quarter interim report last week which showed that the Danish dry bulk carrier can no longer expect the same degree of protection from the miserable dry bulk sphere from its product tanker vessels. At least not for the time being.
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