Jefferies Starts Gener8 Maritime (GNRT) at Buy

Jefferies initiates coverage on Gener8 Maritime (NYSE: GNRT) with a Buy rating and a price target of $20.00.

Analyst Douglas Mavrinac commented, "We are initiating coverage of GNRT shares with a Buy rating and a 12-month PT of $20 based on the attractive outlook for the crude oil shipping market as well as Gener8's spot market focus, which provides significant operating leverage, and newbuilding program, which provides significant built-in growth. Jefferies served as joint bookrunner on the Company's recent IPO."

For an analyst ratings summary and ratings history on Gener8 Maritime click here. For more ratings news on Gener8 Maritime click here.

Shares of Gener8 Maritime closed at $14.21 yesterday.

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