Seeking Alpha

Teekay Shipping +2.2% after Barclays upgrade

  • Teekay Shipping (TK +2.2%) is upgraded to Overweight from Equal Weight with a new $56 price target, up from $35, at Barclays, which believes higher cash distributions from general partnership interests along with lower leverage from transitioning to an asset-light marine transportation manager are creating a positive inflection point for shareholders.
  • Given this backdrop, the firm believes shareholder distributions could nearly double by 2016, creating a compelling investment case.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs