Morgan Stanley equity analyst Fotis Giannakoulis stamped the diversified New York-quoted shipowner with an “overweight” rating and set a price target of $18.50, a level that is nearly three bucks higher than the premium investors paid to get in on the action in the hour leading up to the close.
“We expect SFI to accretively expand and diversify its asset base and cash flow at a time of distress in many shipping markets,” he added in a note to clients Friday.
