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Article: DnB NOR ups Norwegian Cermaq rating to "buy".(Financial report)(Brief article)

Article from:
Nordic Business Report
Article date:
November 9, 2009
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NORDIC BUSINESS REPORT-9 November 2009-DnB NOR ups Norwegian Cermaq rating to "buy"(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

9 November 2009 - DnB NOR Markets upgraded today its recommendation on Norwegian aquaculture group Cermaq ASA (OSL: CEQ) to "buy" from "hold", following the release of the group's third-quarter results.

At the same time, the share price target was lifted to NOK60 from NOK52.50.

Last Friday, Cermaq said its net profit shrank to NOK149.4m in the ...

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