Infomarine On-Line Maritime News
Today Maritime News Worldwide
Jefferies downgrades Nordic American Tanker and Tsakos Energy to Hold, citing fleet age and debt concerns, but keeps Buy ratings on Frontline, International Seaways and Scorpio Tankers.
Nordic American Tanker (NYSE:NAT) and Tsakos Energy Navigation (TEN) are downgraded Thursday to Hold from Buy with respective $4 and $27 price targets at Jefferies, even as most tanker stocks are attractively priced with high free cash flow yields.J...
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