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Fly News Breaks for September 18, 2017
TNP
Sep 18, 2017 | 08:56 EDT
Maxim analyst James Jang says that TEN's valuation is "compelling" due to what he sees as its "high charter cover and fixed dividend payment." The analyst, noting that the company's ship building program has ended, expects it to reduce its debt, making its balance sheet more attractive. He trimmed his price target on the stock to $6 from $7, citing his belief that asset values will "lag through 2018." However, he recommends buying the shares on weakness.
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