JonesResearch analyst Eduardo Seda upgraded Euronav NV (EURN) to Buy from Hold with a $16 price target after Frontline (FRO) terminated its merger agreement with the company. Freight rates and tanker market dynamics continue to improve, and Euronav is a leading provider of global crude oil maritime transportation and storage services, Seda tells investors in a research note. He views the geographic diversity of the company’s fleet as a "major positive."
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EURN:
