TEN, Ltd. price target raised to $50 from $40 at Alliance Global

Alliance Global raised the firm’s price target on TEN, Ltd. (TEN) to $50 from $40 and keeps a Buy rating on the shares. The firm views TEN as “undervalued and an attractive play on favorable intermediate crude oil and refined product tanker market fundamentals,” adding that it “appears that management might finally take some action to close the valuation gap.”