Clarksons Platou Securities has taken up coverage of restructured Genco Shipping & Trading with a buy rating on the stock.
Analyst John Gandolfo placed a $17 per share target price on the bulker owner, suggesting it was well-placed to benefit from rising asset values in the sector.
Genco raised $125m in equity in late 2016, refinanced debt of around $400m and raised $15.6m
