TGS Likely to Cut Dividend to Protect Cash, Danske Says in Downgrade; Shares Down 5.7%

• (PLX AI) - TGS is highly likely to have to cut its dividend to protect its cash position, Danske Bank analysts said, downgrading their recommendation on the stock to sell from hold.
• • Shares fell 5.7%
• • TGS is facing an unprecedented drop in late sales, Danske said
• • The company is probably looking at lower demand for new surveys and seismic data: Danske
• • Price target slashed to NOK 60 from NOK 105