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Equities researchers at JPMorgan Chase & Co. initiated coverage on shares of Nordic American Offshore (NYSE:NAO) in a research report issued on Monday. The firm set a “neutral” rating and a $19.00 price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 1.06% from the stock’s previous close.

Shares of Nordic American Offshore (NYSE:NAO) opened at 18.80 on Monday. Nordic American Offshore has a 52-week low of $14.00 and a 52-week high of $19.50. The stock’s 50-day moving average is $17.79 and its 200-day moving average is $17.79. The company’s market cap is $423.9 million.

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