08:41 AM EDT, 08/14/2026 (MT Newswires) -- FAB Securities revised its price target for Adnoc Logistics & Services (ADX:ADNOCLS) to 7.65 Emirati dirhams, with an unchanged buy rating on the stock, following the United Arab Emirates-based energy maritime logistics company's second-quarter results. "ADNOC L&S delivered a strong 2Q26 performance, driven primarily by a significant improvement in Shipping, supported by elevated tanker TCE rates, stronger ADNOC-related activity and fleet additions. Shipping is expected to remain the key earnings driver through 2026, with the Company upgrading segment revenue growth guidance to mid-80% YOY and EBITDA growth to low-190% YOY, reflecting stronger-than-expected tanker market conditions," analysts said Friday. "Overall, the combination of elevated tanker rates, strong ADNOC-related activity, significant fleet expansion, improving Integrated Logistics volumes and substantial contracted revenue provides strong visibility for earnings growth." The company's second-quarter net profit attributable to equity shareholders climbed to $917 million from the year-ago $229 million, surpassing the research firm's forecast of $355 million. Revenue also increased over the period. The stock's price target stood at 6.70 dirhams as of May 25, according to FAB's website.

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