Maxim analyst Tate Sullivan lowered the firm’s price target on Euroseas to $30 from $36 but keeps a Buy rating on the shares after its Q4 results. The analyst notes that one of the company’s smaller customers canceled a contract that was previously set to last until March 2025, though the firm remains positive on the stock given its unchanged dividend payout and expectations of long-term containership demand.
Published first on TheFly
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- Euroseas reports Q4 adjusted EPS $2.50 vs. $3.18 last year
- Euroseas Ltd. Reports Results for the Year and Quarter Ended December 31, 2022
- Euroseas Ltd. Sets Date for the Release of Fourth Quarter 2022 Results, Conference Call and Webcast
- Euroseas Ltd. to Participate at Capital Link’s Corporate Presentation Series
- Euroseas price target lowered to $36 from $42 at Maxim
