B. Riley raised the firm’s price target on Okeanis Eco (ECO) to $45 from $35 and keeps a Buy rating on the shares. Okeanis Eco’s results reflect the benefits of elevated very large crude carrier spot rates and steady Suezmax spot rates, the analyst tells investors in a research note. The firm expects the company to continue to outperform its public peers, driving incrementally positive operating leverage from its crude tanker fleet.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECO: