Genco Shipping & Trading Limited (GNK) Misses Q1 EPS by 2c

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Genco Shipping (GNK) PT Raised to $22 at Jefferies Following Results; Sees More than 100% Upside

May 10, 2017 8:37 AM EDT

Jefferies raised its price target on Genco Shipping (NYSE: GNK) to $22.00 (from $19.00) while maintaining a Buy rating following Q1 results.

Analyst Douglas Mavrinac notes while EPS was slightly below the Street they were better then they had expected.

"With spot charter... More