Euroseas price target raised to $62 from $57 at Maxim

Maxim raised the firm’s price target on Euroseas (ESEA) to $62 from $57 and keeps a Buy rating on the shares. The firm believes that containership customers will urgently secure contracts after the U.S. launched missiles against Iran and amid ongoing U.S. trade negotiations with multiple countries, the analyst tells investors in a research note. Companies and consumers in several countries will likely stockpile goods to avoid potential delivery delays due to changes in trade routes or port congestion, the firm added.