Navios Maritime Holdings rises after Jefferies raises PT

Navios Maritime Partners

25/03/2024 17:27

** Shares of shipping firm Navios Maritime Holdings  NMM.N 
rise ~4% to $43.30 after brokerage Jefferies raises price target
    ** Stock hits highest level in nearly two weeks
    ** Jefferies raises PT to $65 from $40, reiterates "buy"
rating
    ** Says co's strategy makes it well-positioned to capture
the strength of dry bulk market in contrast to a weaker
environment in 2023, allowing it to minimizing volatility
    ** Stock up ~54.8% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))