Neptune Orient Lines upgraded to "buy" by Goldman Sachs; $1.30 target

Stock Name: NOL
Company Name: NEPTUNE ORIENT LINES LIMITED

Research House: Golman Sachs

Price Call: BUY

Target Price: 1.30

SINGAPORE (March 25): Goldman Sachs has upgraded Neptune Orient Lines to "buy" from "neutral" and raised its price target to $1.30 from $1.00.

Given its significant exposure to the Transpacific route, NOL will benefit from an expected pickup in business, Goldman Sachs analyst Ronald Keung wrote in a sector report today.