Okeanis Eco price target lowered to $40 from $44 at B. Riley

B. Riley analyst Liam Burke lowered the firm’s price target on Okeanis Eco (ECO) to $40 from $44 and keeps a Buy rating on the shares. Rates recovered after a seasonally slow Q3, but were lower on a year over year basis, the analyst tells investors in a research note. The firm expects a sequential rebound in 2025, where the supply and demand outlook remains in favor of the fleet operators but lower on a year over year basis.