Dahlman Rose Upgrades Teekay Tankers (TNK) to Buy; Strong Yield

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/14/2026

1. AMAT
2. GLOB
3. SPY
4. RDDT
5. SNDK
6. HTFL
7. ADYEN:NA
8. ADYYF
9. WDAY
10. DVLT

March 28, 2012 7:14 AM EDT
Get Alerts TNK Hot Sheet
Price: $85.13 +1.90%

Rating Summary:
    6 Buy, 6 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Dahlman Rose upgraded Teekay Tankers (NYSE: TNK) from Hold to Buy with a price target of $7.00.

Dahlman analyst said, "Our price target is $7, based on a target 2012 dividend yield of 8-9%. Based on our rate forecasts, we expect TNK to payout $0.61 in dividends this year and $0.73 in 2013. At the current price level, the shares are yielding 11.5% and 14.0% for 2012 and 2013."

For an analyst ratings summary and ratings history on Teekay Tankers click here. For more ratings news on Teekay Tankers click here.

Shares of Teekay Tankers closed at $5.26 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Upgrades

Related Entities

Dividend