A strong finish to 2016 for John Fredriksen’s Golden Ocean has led to the stock being downgraded by Pareto Securities.
Analysts Eirik Haavaldsen and Oystein Dalby reset Golden Ocean at hold, down from their previous buy rating, suggesting it was "time for a time-out”.
Oslo and New York-listed Golden Ocean climbed by 30% in the final two months of 2016, which the Pareto analysts say will go down in history as one of the weakest for bulker owners.
