Nordic American Tankers price target raised to $3 from $2.50 at Evercore ISI

Evercore ISI analyst Jonathan Chappell raised the firm’s price target on Nordic American Tankers (NAT) to $3 from $2.50 and keeps an In Line rating on the shares. Heading into the winter season, which is traditionally a time for rising rates, the tanker market setup “looks promising,” the analyst tells investors in a note on the group.