Costamare price target raised to $12 from $11 at Jefferies

Jefferies raised the firm’s price target on Costamare (CMRE) to $12 from $11. Costamare reported a Q3 beat as revenues from its containership fleet and income from its leasing platform beat expectations, the analyst tells investors in a research note. Jefferies keeps a Hold rating on the shares given its higher relative debt ratios than peers and lower free cash flow generation.