Asset management firm Berenberg downgraded the share price targets for two of the largest listed salmon company, Mowi and SalMar.

Mowi's price target was reset to NOK 140 (€12.00/$13.20) per share because the company has a number of challenges going forward, Berenberg said. Berenberg estimated earnings per share for Mowi will be cut an average of 37 percent for 2020-2021.