On Monday evening Natasha Boyden of MLV & Co initiated research coverage of two US-quoted tanker stocks: Tsakos Energy Navigation and Ardmore Shipping.
The equity analyst blessed both stocks with “buy” ratings. The former was stamped with a price target of $10.00 and the latter was tipped to hit $17.00.
“Tsakos Energy Navigation (TNP) operates a modern and diverse fleet of tankers with a balanced fleet employment (chartering) strategy that mitigates risk and retains upside potential, in our opinion,” Boyden said in reference to the Greek owner.
“As
