Seanergy Marine price target raised to $12 from $10 at Noble Capital

Noble Capital analyst Michael Heim raised the firm’s price target on Seanergy Marine to $12 from $10 and keeps an Outperform rating on the shares. The firm notes it raised estimates in February to reflect favorable conditions, but rates surpassed its raised projections and that Seanergy was able to extend/reprice six vessels at favorable terms due to higher rates. Seanergy also announced a special dividend, a share repurchase program, an ATM program, and another vessel acquisition, the firm noted.