Promise of rising profitability and strong cash flows have led Fearnley Securities to take up coverage of Wall Street newcomer Diamond S Shipping with a buy rating.
Analysts Espen Landmark Fjermestad and Peder Nicolai Jarlsby began coverage with an $18.2 per share target price on what is now a 68-ship company.
“Following a merger with Capital Product Partner’s tanker fleet Diamond S has finally stepped into the public scene,” the analysts wrote.
