Maxim Group has begun following Genco Shipping & Trading with an optimistic outlook on the bulker owner and the sector itself.
Analyst James Jang listed several reasons for the positive stance on the New York-listed entity, including fleet size, flexible chartering strategy and "methodical approach" to IMO 2020.
He assigned a buy rating and 12-month target price of $22 to the John Wobensmith-led company.
