STX OSV

STX OSV: DBSV maintains Buy and UPs TP to $2.10 from $2.00. HOuse expecting more OSCV orders by year-end; FY12 order wins forecast +10% to NOK11b. Note that Freeing up of Brazilian capacity allows it to capitalise on tight local capacity, and grow order intake FY12/13 raised +1%/+15%; earnings to recover from FY14F Maintain BUY, TP raised to $2.10; nearing potential conclusion to shareholder saga