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Fly News Breaks for February 1, 2017
CMRE
Feb 1, 2017 | 08:44 EDT
As previously reported, Morgan Stanley upgraded Costamare to Overweight from Equal Weight and lowered its price target to $7 from $8. Analyst Fotis Giannakoulis said Costamare has taken stops to increase cash flow and solidify the dividend. He said Costamare's strong charter portfolio allows it to remain profitable in a difficult environment and its excess cash provides and opportunity to buy vessels when they are cheap.
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