NOL (follow up): Macquarie’s outperform target of $2.50 based on 1.2X P/B. Note changes factor in stronger than expected recovery in container shipping freight rates and further highlights NOL’s ability to maintain solid volume growth, supported by strong relationships with strategic customers, resulting in less reliance on spot rates….
Technically, stock appears to be moving to the Apex of a Symmetrical Triangle Formation, which could lead to a breakout in other direction.
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