Okeanis Eco price target raised to $55 from $45 at B. Riley

B. Riley analyst Liam Burke raised the firm’s price target on Okeanis Eco (ECO) to $55 from $45 and keeps a Buy rating on the shares. Okeanis Eco reported strong results driven by elevated very large crude carrier and Suezmax spot rates and robust operating leverage, despite higher year-over-year OPEX per vessel, the analyst tells investors in a research note. The company is positioned to continue outperforming peers, benefiting from incremental operating leverage across its crude tanker fleet, the firm says.