Navios Maritime Midstream +14% after double upgrade at J.P. Morgan [Seeking Alpha]
NAVIOS MARITIME MIDSTREAM PART (NAP)
Last navios maritime midstream part earnings: 7/26 07:47 am
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US:NYSE Investor Relations:
ir.navios-midstream.com
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Source: Seeking Alpha
Navios Maritime Midstream +14% after double upgrade at J.P. MorganNavios Maritime Midstream Partners (NAP+14.1%) surges after J.P. Morgan awarded the stock atwo-notch upgrade to Overweight from Underweight with a $6 price targetJPM's Noah Parquette says he has become more constructive on a crude tanker recovery in 2019, and NAP joins International Seaways (INSW+2.3%) as the analyst's favorite way to play a potential recovery; Ardmore Shipping (ASC+0.6%) remains his top pick in product tankers.At the same time, Parquettedowngrades Navios Maritime Acquisition (NNA-1.4%) to Underweight, citing relative valuation, high leverage and the loss of capital raising options at NAP.See all stocks on the move »Now read:Navios Maritime Midstream Partners LP: Still Overvalued After Drastic Distribution Cut »
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