Noble Capital raised the firm’s price target on Euroseas to $53 from $49 and keeps an Outperform rating on the shares after Euroseas executed a time charter contract for M/V Stephania K at a gross daily rate of $22,000, which the firm calls as “favorable charter rate.” The firm has increased its 2024 EBITDA and EPS estimates to $96.8M and $9.05, respectively, the analyst noted.
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