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Vopak rises after another guidance hike

By Reuters News

** Shares in Vopak rise 2.7% after the Dutch tank storage operator lifted its full year targets for the second time this year, driven by strong storage demand and higher cash generation

** The company lifted the bottom end of its proportional EBITDA guidance to between €1.20 billion-€1.22 billion ($1,35 billion-$1,37 billion) from between €1.18 billion-€1.22 billion

** "The 3Q26 update once more confirms our appraisal of Vopak as an attractively priced, defensive grower," brokerage KBC Securities says in a note

** KBC adds that strong occupancy and guidance upgrades have yet to be fully reflected in the share price

** Including today's rise the stock has gained 44.1 % YTD

($1 = 0.8905 euros)

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