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Wed, Apr

‘Ample upside’: Hoegh Autoliners gets ‘buy’ ratings after tariff sell-off

‘Ample upside’: Hoegh Autoliners gets ‘buy’ ratings after tariff sell-off

TradeWinds
‘Ample upside’: Hoegh Autoliners gets ‘buy’ ratings after tariff sell-off

Hoegh Autoliners shares surged in Oslo after analysts upgraded the stock to “buy”.

DNB Markets analyst Jorgen Lian believes the recent share price fall gives a buying opportunity.

“The car carrier market is challenged on several fronts, including steep newbuild deliveries, US and global escalating trade tensions, and recently, invasive US port fees for the sector,” he said in a note.

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