Globus Maritime price target raised to $4 from $3.50 at Maxim

Maxim analyst Tate Sullivan raised the firm’s price target on Globus Maritime to $4 from $3.50 and keeps a Buy rating on the shares. The firm is citing the company’s better than expected Q4 results, with a time charter equivalent, or TCE rate, at $12,054, above its $10,662 estimate.