Dahlman Rose & Co. Raises PT To $24 On CMRE

Dahlman Rose & Co. has raised its price target from $20 to $24 on Costamare Inc. (NYSE: CMRE) based upon continued growth.

Says Dahlman Rose, in the report, “Costamare continues its aggressive expansion plan, having ordered 5 more containerships at attractive returns in our view. We believe the company is a solid investment that offers earnings visibility, significant growth potential and a high dividend yield. We are raising our price target from $20 to $24.”

Dahlman Rose maintains a Buy rating on CMRE.

CMRE closed at $16.98 yesterday.