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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.
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