Jefferies raised the price target for Navios Maritime Partners (NMM) to $65 from $40, leading to a strong performance in the morning. NMM and Tsakos Energy Navigation (TNP) surged after the upgrades, with TNP hitting a new 52-week high. Despite an initial drop, NMM recovered and traded flat with high volume.
$NMM was down hard at open, now flat on high volume β¦ already at 1.3X. https://t.co/KtHAIRo1S8
New 52w high for $cph.to
$TPU is eyeing the top of this range again I think if it breaks we see 150m swiftly Opsec hit new highs so the demand for the narrative still there https://t.co/xLfnka0Vl4
$NMM very strong this morning off of the Jefferies upgrade. https://t.co/3bElkTZA9C
Equities on the move this morning: - $TNP +2.5% to a new 52 week high. Q4 earnings this Wednesday. - $NMM +2.8% as Jefferies raises the PT to $65 (from $40).
$TNP continues its rally and hits a new 52 week high. https://t.co/b90DVyxtrS
$NMM - Huge PT raise on NMM from Jefferies: $65 (from $40). Wow. https://t.co/Ma8SFY3Aab