Deutsche Bank raised its price target for International Seaways to $107 from $94. The institution maintained its Buy rating on the stock.
The revision follows the company's record-breaking dividend announcements and ongoing fleet optimization program. Analysts based the new target on updated financial models and favorable industry trends.
The $107 target suggests significant upside for the Frankfurt-listed shares (IS5.F). Such ratings from major banks often signal increased investor confidence in a company's earnings potential.