B. Riley initiated coverage of Seacor Marine with a Buy rating and $17 price target. The analyst sees an attractive macro environment for the company that reflects a significant increase in investment in floating production storage and offloading and offshore wind turbine construction worldwide. As demand for energy production grows, offshore support vessel capacity remains tight, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SMHI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue