Jefferies initiated coverage of Okeanis Eco (ECO) with a Buy rating and $29 price target The company owns a modern fleet of very large crude carriers and Suezmaxes with a record of outperforming spot indexes and peer averages, the analyst tells investors in a research note. The firm says Okeanis has the highest operating margins in its tanker coverage and distributes the majority of its free cash flow as dividends.
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