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UBS Downgraded Gener8 Maritime Partners

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Revisions

In the week ending January 5, 2018, UBS revised its recommendation for one of the crude (DBO) tanker companies.

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UBS

On January 4, 2018, UBS downgraded Gener8 Maritime Partners (GNRT) to “neutral” from “buy” and raised the target price to $6.75 from $6.5.

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers (NAT), only one analyst gives a “buy” recommendation. About 55% of the analysts are neutral, while 33% are bearish. The consensus target price is $3.74, which implies a potential upside of 45.5% from the market price of $2.57 on January 8, 2018.
  • Six analysts gave recommendations for Frontline (FRO). Of the analysts, 17% are bullish on the stock, ~67% are neutral, and 16% are bearish. The consensus 12-month target price is $5.58, which implies a potential upside of 14.6% from the market price of $4.87 on January 8, 2018.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT). Of the analysts, 57% are bullish and 43% are bearish on the stock. The consensus 12-month target price is $6.6, which implies a potential upside of 2% from the market price of $6.47 on January 8, 2018.
  • For Teekay Tankers (TNK), 12 analysts gave recommendations. Of the analysts, 33% are bullish, 50% are neutral, and 17% are bearish on the stock. The 12-month consensus target price is $2.02, which implies a potential upside of 55.4% from the market price of $1.3 on January 8, 2017.
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