Fondsfinans upbeat as DnB NOR

NORDIC BUSINESS REPORT-4 June 2010-Fondsfinans upbeat as DnB NOR speaks of improvement in shipping(C)1994-2010 M2 COMMUNICATIONS

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4 June 2010 - Fondsfinans Manolo blahnik is positive to the statements given by Norwegian financial services group DnB NOR ASA (OSL: DNBNOR) about the development on the shipping market, to which it has considerable exposure.

The broker has set the Louis Vuitton Replica Handbags share price target at NOK85 and operates with a "buy" recommendation on Louis Vuitton Replica Handbags DnB NOR.

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The head of shipping and logistics in DnB NOR was quoted as saying in a recent interview for Bloomberg that the bank has seen some very strong results on cheap watches the container shipping side and that it has registered a clear improvement so far this year, Fondsfinans pointed.

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"This is important as DnB NOR's management has named container shipping as the segment in which cheap watches there is a considerable risk for loan losses/write-downs in 2010," Fondsfinans wrote.

By 13:30 CET on Friday, the share in DnB NOR had lost 1.82% to NOK64.65 on the Oslo Stock Exchange.

(EUR1 = NOK7.9)

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