Torm plc downgraded to Hold from Buy at Kepler Cheuvreux
The Fly

Torm plc downgraded to Hold from Buy at Kepler Cheuvreux

Kepler Cheuvreux analyst Axel Styrman downgraded Torm plc (TRMD) to Hold from Buy with a price target of DKK 218, down from DKK 285. The firm sees increased risks next year from higher fleet growth and a potential reversal of re-routing.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App