Wednesday, May 23, 2007

Nordic Shares Climb, Led by Maersk; Fortum, Volvo Rise on Price Estimates

(Bloomberg) -- Nordic stocks advanced, paced by A.P.
Moeller-Maersk A/S after shares of the world's biggest shipping
company were upgraded by Morgan Stanley. Fortum Oyj and Volvo AB
gained after brokerages raised their share-price estimates.

Shares of A.P. Moeller-Maersk were raised to ``overweight''
from ``underweight'' by London-based analyst Menno Sanderse, who
also increased his share-price target for the company by 61
percent to 74,000 Danish kroner ($13,363).


Read more at Bloomberg Stocks News

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