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Fly News Breaks for August 1, 2016
CMRE
Aug 1, 2016 | 05:58 EDT
JPMorgan analyst Noah Parquette upgraded Costamare to Neutral saying the company's cash flow profile in 2016 and 2017 will be stable given the company's high charter coverage. The analyst remains concerned of a dividend cut over the next 6-12 months amid deteriorating container spot rates, however. He raised his price target for Costamare shares to $12 from $11.
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