NOL

NOL: Credit Suisse upgrades to Outperform from underperform, as liner sector gets a lift. Raises TP to $1.15 from $0.90, based on 1.1x P/B. The house sees port congestion in major ports (especially for large vessels) and potential box shortages constraining supply combining with demand that is surprising on the upside as being conductive to rate increases ahead of expectations.