Pareto reiterates its Hold rating for shipping company Stolt-Nielsen and raises the price target to 342 Norwegian kroner from 310.
Ahead of Q3, Pareto’s forecasts are around 10 percent below consensus for EBIT and earnings per share. The tanker market remains sluggish, with trading volumes down by double digits, but rising MR rates are expected to provide support during the winter.
Pareto also expects improved margins in tank containers. The stock is valued at approximately 0.75 times book value, in line with the average for 2022–2025.
