Noble Capital Markets has raised its forecast on boxship owner Euroseas, based on strong sector fundamentals.
On Wednesday, the US investment bank improved its price target on the New York-listed company's shares to $25.40 from $21.50 and reiterated an outperform rating on the stock.
Noble based its outlook on numerous positive factors in a boxship market that has been booming since the "Covid-19 crunch" on demand that began in the second half of 2020.
