Nordea repeats its Buy rating for car carrier Höegh Autoliners and raises the price target to NOK 210 from 190.
The bank raises its EBITDA forecasts for 2027–2028 by approximately 6 percent, supported by higher freight rates and increased capacity. Average annual dividend yield is expected to amount to approximately 11 percent during the period.
For the third quarter, Nordea expects EBITDA of USD 123 million, 3 percent below consensus. Higher fuel prices and voyage costs weigh in the short term, but longer contracts and strong Asian demand support the outlook.
