Information Provided By:
Fly News Breaks for January 3, 2019
GNK
Jan 3, 2019 | 08:05 EDT
Maxim analyst James Jang initiated Genco Shipping with a Buy rating and a price target of $22, saying the time has come to "ride the rising tide". The analyst notes that the dry bulk shipping sector is climbing towards mid-cycle rates and sees the company as having the "most diversified fleets of dry bulk vessels." Jang expects Genco Shipping to grow its 2019 earnings by 376% and 2020 EPS by 87% as the management navigates the IMO2020 regulations to "realize higher fuel savings and earn above market-rates for its Capesize fleet ahead of its peers."
News For GNK From the Last 2 Days
There are no results for your query GNK