• (PLX AI) – PGS jumped 6% after a double upgrade at Kepler Cheuvreux, while TGS fell as the broker cut its recommendation.
  • • PGS was raised to buy from reduce, with price target raised to NOK 8.60 from NOK 4.50
  • • PGS has good opportunities to control its pricing and a fleet located in key regions such as the North Sea, Kepler said
  • • Refinancing is the biggest uncertainty, but the company should see a strong increase in revenues through 2023: Kepler
  • • Meanwhile, rival TGS fell 2.6% after Kepler resumed coverage with a cut to reduce from buy
  • • Price target cut to NOK 70 from NOK 160
  • • TGS is suffering the most from the seismic industry's structural change, and will have difficulty making money from its existing library, Kepler said

Quelle: PLX AI