B. Riley analyst Liam Burke raised the firm’s price target on Eagle Bulk Shipping to $63.50 from $52.20 and keeps a Neutral rating on the shares. Eagle Bulk reported Q4 time charter equivalent revenue of $74.8M, compared to $102.5M last year, and its adjusted EBITDA was $36.3M vs. $55.6M last year, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EGLE:
- Eagle Bulk Shipping Inc. Reports Results for the Fourth Quarter of 2023
- Eagle Bulk Shipping reports Q4 adjusted EPS $1.13, consensus 71c
- Eagle Bulk Shipping downgraded to Neutral from Buy at Alliance Global Partners
- Star Bulk Carriers (NASDAQ:SBLK) Gains on Q4 Numbers
- Star Bulk Carriers says Eagle Bulk Shipping merger expected to close in 1H24
