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<Research>M Stanley Expects COSCO SHIP ENGY (01138.HK) Shr Price to Rise Over Next 30 Days on Rising Demand for Legitimate Tankers
Recommend 7 Positive 4 Negative 10 |
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Morgan Stanley released a research report believing that COSCO SHIP ENGY (01138.HK)'s share price will rise in absolute terms within the next 30 days, as the stock has recently undergone a correction, making its short-term valuation more attractive. Morgan Stanley observed that demand for legal tankers is rising due to geopolitical dynamics. The broker estimated that the probability for the scenario is about 70-80%, or 'very likely'. Therefore, Morgan Stanley rated COSCO SHIP ENGY at Overweight, with a target price of $13.2. AASTOCKS Financial News Website: www.aastocks.com |
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