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CMB.Tech initiated with a Buy at Berenberg

Berenberg initiated coverage of CMB.Tech (CMBT) with a Buy rating and EUR 14.20 price target CMB.Tech is a Belgian diversified shipping company “with a disciplined, cycle-driven strategy,” the analyst tells investors in a research note. The firm believes the company allocates capital to markets with the most favorable supply dynamics and rotates vessels at the right point in the cycle.

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