By: Benzinga
UPDATE: JP Morgan Initiates Costamare at Overweight on Attractive Dividend Yield, Cash Flow Visibility
JP Morgan initiated coverage on Costamare (NYSE: CMRE ) with an Overweight rating and a $16.50 price target. JP Morgan noted, "A defensive, long-term containership chartering strategy with quality counterparties contracted for an average duration of eight years underpins a solid c.7% dividend yield. While the industry continues to suffer
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