EuroDry: Some Profits Still Remain - Downgrade To Buy
Seeking Alpha reports that EuroDry was rerated to Buy with a $55 price target, citing coal-driven demand, higher charter rates, and a strong Baltic Supramax index. The excerpt also notes a recent pullback to $47.59 and a $20 million ATM share issuance above NAV.
Why it matters — EDRY watchers may note the article’s emphasis on supportive dry-bulk conditions and the company’s capital-raising activity.