Okeanis Eco price target raised to $45 from $35 at B. Riley

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.