After coronavirus fears battered shipping stocks, Cleaves Securities' Joakin Hannisdahl is telling investors it's an opportunity to stock up on Nordic American Tankers.
The analyst upgraded the Herbjorn Hansson-led suezmax owner to buy, while maintaining a $4.10 price target.
In early trading Tuesday, Nordic American Tankers shares were up $0.27, or 8.1%, to $3.61, after hitting a 2020 low of $3.27
