Coronavirus will drag down earnings of world's largest salmon farming company, but analysts still bullish

Analysts at Norway's Sparebank 1 lifted their rating on shares of Mowi, the world's largest salmon farmer, despite the seafood industry suffering from vastly reduced foodservice demand resulting from coronavirus-related closures worldwide.

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SpareBank 1 now rates the company's stock as a "buy," raising it from the previous "neutral" rating, but has reduced the target price on the stock to NOK 210 (€18.85/$20.49)