Pareto downgraded Golden Ocean (GOGL) to Hold from Buy with a $12.50 price target The firm says that while the company’s “stellar” capsize fleet is performing well, smaller vessels have underperformed. It cut estimates into the Q3 print on November and notes Golden Ocean shares no longer offer a significant discount to net asset value.
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Read More on GOGL:
- BlackRock’s New 6% Stake in Golden Ocean Group
- Golden Ocean Group Extends Share Buy-Back Program
- Golden Ocean extends share buy-back program 12 months up to 10M shares
- BlackRock Surpasses 5% Stake in Golden Ocean Group
- BlackRock Lowers Stake in Golden Ocean Group
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