Dahlman, Rose & Company Reports on Costamare (CMRE)

In a report released today, Dahlman, Rose & Company commented on Costamare (NYSE: CMRE). In the report, Dahlman was positive in its outlook on Costamare.

Dahlman writes, “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 has a Buy rating on Costamare and a price target of $24. Shares of the company closed the trading day at $16.98, down $0.01 from the open.