Barclays Downgrades Salmar and Leroy Seafood to Underweight
Global financial services provider Barclays recently downgraded Salmar and Leroy Seafood to Underweight from Equal Weight status, thus indicating that the seafood companies’ stocks are currently underperforming in relation to their typical benchmarks.
This dip in price targets coincides with recently implemented U.S. import tariffs, which have spurred a decline in the global stock market. Tariffs have impacted exports of numerous countries including Norway and Chile, where the above companies are headquartered, amongst many others.
According to reporting by Theflyonthewall.com, Barclays analysts have indicated that Salmar’s price target dipped from NOK 530...
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