Shares in Teekay Corp led rising shares in New York Monday after a stock researcher and blogger unveiled a bullish outlook for the company in 2017.
The Vancouver-headquartered energy shipping group saw its shares jump 17.9% to hit $8.10 in late trading today.
With more than 72.8 million shares outstanding, the jump equated to an additional $89.6m in market value.
Undervalued?
J Mintzmeyer, the lead researcher for Value Investor's Edge and a blogger for stock website Seeking Alpha, says mainstream analysts have been undervaluing the company as its shares been trading in correlation with oil prices.
But
