Braemar PLC initiated with a Buy at Canaccord

Canaccord initiated coverage of Braemar PLC with a Buy rating and 410 GBp price target. Braemar operates across multiple segments and geographies, offering broking services across a selective but diversified range of segments, including tankers, the analyst tells investors in a research note. The firm says the maritime cycle is on the upward part of a potential “super cycle.”