BTIG's Greg Lewis has bumped up his price target for four crude tanker owners as rates appear to be settling well above breakeven rates.
In a note published after the close Monday, he upped International Seaways target to $40 from $30, Nordic American Tankers (NAT) to $8 from $4 and Frontline and Euronav to $18 from $12, while reiterating his buy rating for each.
