1 Day
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اقتصاد سكاي نيوز عربية
Bernstein hikes ADNOC stock target
Bernstein has raised the target price for ADNOC Logistics and Services' stock to 8.39 AED, expressing confidence in the company's ability to achieve strong growth. The outlook suggests an approximate 47% increase in the stock's value compared to current levels. This outlook is based on improved expectations for the shipping sector's performance, supported by rising oil tanker prices and the successful operation of six new liquefied natural gas (LNG) carriers, which will contribute to higher profits. Additionally, the "Outperform" recommendation for the stock has been reaffirmed, with expectations that its performance will surpass the market by more than 15 percentage points in the future.
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