DNB Markets

DNB Markets upgraded Teekay Tankers Ltd. (NYSE: TNK) from Hold to Buy. The price target for Teekay Tankers is set to $6.70. Teekay Tankers shares have gained 53.20% over the past 52 weeks, while the S&P 500 index has surged 13.92% in the same period. Teekay Tankers' shares rose 1.85% to close...

In a report published Wednesday, DNB Markets analyst Nicolay Dyvik upgraded Tsakos Energy Navigation (NYSE: TNP) from Sell to Hold, and raised the price target from $2.50 to $5.30. In the report, DNB Markets noted, “We have upgraded the stock from SELL to HOLD and raised our estimates, taking...

In a report published on Thursday, DNB Markets analyst Nicolay Dyvik initiated coverage on Knot Offshore Partners (NYSE: KNOP) with a recommendation of Buy and a price target of $27.40. In the report, DNB Markets noted, "KNOP offers a young fleet, a market-leading position, solid long-term...

In a report published Wednesday, DNB Markets analyst Øyvind Berle downgraded the rating on Golar LNG (NASDAQ: GLNG) from Buy to Hold, and lowered the price target from $46.00 to $40.00. In the report, Berle noted, “We believe Golar LNG shares will come under pressure in the next six months due to...

DNB Markets upgraded First Solar (NASDAQ: FSLR) rom Sell to Hold and maintained a $27.00 price target. DNB Markets commented, "We had been negative on First Solar, believing consensus had looked too high. This has now come down to fall closer in line with our forecasts. With this, and the recent...

In a report published Wednesday, DNB Markets reiterated its Buy rating on Scorpio Tankers (NYSE: STNG), and slightly raised its price target from $7.30 to $7.50. DNB Markets noted, “Scorpio Tankers is, in our view, the only way to get exposure to a pure-play recovery in product tankers backed by a...

DNB Markets initiated coverage on Autoliv (NYSE: ALV) with a Buy rating. DNB Markets noted, "As we believe Q4 2012 will mark the trough in profitability at 9%, we focus on the above-market growth we see for Autoliv in the coming years, driven by market share gains in emerging markets and...

In a report published Friday, DNB Markets reiterated its Buy rating on Golar LNG Limited (NASDAQ: GLNG), but lowered its price target from $49.00 to $46.00. DNB Markets noted, “We have cut our estimates and target price on our lowered freight rate curve, which reflects a weak start to the winter...

DNB Markets reduced its rating on Safe Bulkers (NYSE: SB) from Buy to Hold and reduced its price target from $7.50 to $6. DNB Markets said, "Combining the ongoing turbulence among Safe Bulker's Japanese counterparties with the fact that its valuation is heavily reliant upon its dividend capacity...

DNB Markets initiated coverage on Diana Shipping (NYSE: DSX) with a Buy rating and an $8.80 price target. DNB Markets commented, "We expect 2012 to mark the trough in dry bulk utilisation, at 83%, rising to 84% in 2013 and 87% in 2014 on a declining order book and longer sailing distances. We...

In a report published Wednesday, DNB Markets reiterated its Buy rating on GasLog (NYSE: GLOG), and raised its price target from $13.30 to $15.50. DNB Markets noted, “We reiterate our BUY recommendation and have raised our target price from USD13.3 to USD15.5, reflecting a 5% discount to our...

In a report published Wednesday, DNB Markets reiterated its Buy rating on Golar LNG (NASDAQ: GLNG), but lowered its price target from $50.00 to $48.00. DNB Markets noted, “Golar LNG is hopeful of more lucrative FSRU contracts in the relatively near term, seeing final investment decisions coming up...

DNB Markets reiterated its Buy rating on GasLog (NYSE: GLOG) and raised its price target from $12.90 to $13.30. DNB Markets noted, "Contract coverage is high and the longer-term contracts reduce the risk and provide limited downside risk to our DCF-based NAV of USD13.3, up from USD12.9, which...

DNB Markets reduced its rating on ENSCO (NYSE: ESV) from Buy to Hold with a reiterated price target of $60 a share. DNB Markets said, "Ensco announced several jack-up contracts in its fleet update, showing encouraging day rates. These positives were offset by incremental downtime and delayed...

DNB Markets reduced its rating on First Solar (NASDAQ: FSLR) from Buy to Sell and lowered its price target from $21 to $20. DNB Markets noted, "First Solar has surged 45% since the Q2 results. However, responding to worse than expected losses in the module division, we have trimmed 2013e EPS, and...