Jefferies Maintains Hold on Costamare, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta has maintained a Hold rating on Costamare (NYSE:CMRE) and increased the price target from $11 to $12.
May 10, 2024 | 2:50 pm
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Jefferies has maintained a Hold rating on Costamare but raised the price target from $11 to $12, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst firm like Jefferies suggests a positive reassessment of Costamare's value, potentially leading to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100