In a note to clients Nicholas Bender brandedthe Nasdaq-listed owner with a ‘buy' rating and raised his price target from$4.00 to $5.00, which is $1.40 above the price paid at the close of trading Tuesday.
Despite the lacklustre performance ofthe spot market as of late the researcher believes the company’s shares are tradingat a steep discount to net asset value (NAV) due to the ongoing spike in assetprices.
“Adjusting
