Nordic seafood stocks fall amid rating cut, falling salmon prices
BUZZ-Nordic seafood stocks fall amid rating cut, falling salmon prices ** Shares in Norwegian seafood companies slide on Wednesday with analysts pointing to Pareto Securities' rating cut and falling salmon prices
** Pareto downgraded its recommendation for Norwegian salmon farmers SalMar SALM.OL and Mowi MOWI.OL to ''hold'' from ''buy,'' and cut estimates for both of them
** SalMar leads the losses, falling 7% to nearly bottom of STOXX .STOXX, while Mowi shares are down 4%, tracking their worst day since March 2025
** Shares in Faroese peer Bakkafrost BAKKA.OL fall about 5%, their biggest daily drop since July 2025
** Nordea analyst Herman Aleksander Dahl also points to low salmon prices of sub NOK 60/kg this week and increased prices on salmon feed ingredients
** There are indications that salmon prices should fall further next week or in upcoming weeks, Norne Securities Mindaugas Čekanavičius says
** Čekanavičius also highlights today's news on Mowi selling part of its Canadian operations, and adds there have been announcements of fish escape
(Reporting by Alexander Klyve Gudbrandsen)