Monday, May 28, 2007

Japanese Shipping Company Shares Advance After UBS AG Raises Target Price

(Bloomberg) -- Shares of Nippon Yusen K.K., Mitsui
O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., Japan's three
largest shipping companies, rose after UBS AG said it's
``bullish'' on the companies and raised their target price.

Shares of Mitsui O.S.K. rose as much as 3.3 percent to
1,632 yen and traded at 1,620 yen as of 9:32 a.m. in Tokyo.
Nippon Yusen's stocks surged as much as 2.9 percent to 1,109 yen
and Kawasaki Kisen shares rose 3.9 percent to 1,454 yen.


Read more at Bloomberg Commodities News

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