New York investment bank Maxim Group has initiated coverage of Top Ships' shares with a buy rating and a $2.50 price target.
In a Monday morning note, Maxim analyst James Jang said the market "is undervaluing the company's earnings potential and the upside optionality of its young fleet".
He forecast the Evangelos Pistiolis-led tanker owner to start making money in the second half of the year.
