tiprankstipranks
Eagle Bulk Shipping upgraded to Buy from Hold at Fearnley
The Fly

Eagle Bulk Shipping upgraded to Buy from Hold at Fearnley

Fearnley analyst Oystein Vaagen upgraded Eagle Bulk Shipping to Buy from Hold with a price target of $66, up from $48. As shipping equities price in a slight drop in asset values, current valuations "screen an opportune time to Buy," the analyst tells investors in a research note. The firm says strong dividend yields and its view that asset values has bottomed out create "solid optionality on an improving market."

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on EGLE:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles