There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Genco Shipping (NYSE:GNK) and tronc Inc (NASDAQ:TRNC) with bullish sentiments.
Genco Shipping (GNK)
In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Genco Shipping, with a price target of $23. The company’s shares closed yesterday at $13.49.
According to TipRanks.com, Fratt is ranked #1657 out of 4849 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genco Shipping with a $23 average price target.
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tronc Inc (TRNC)
In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on tronc Inc, with a price target of $21. The company’s shares closed yesterday at $17.77.
According to TipRanks.com, Kupinski is ranked 0 out of 5 stars with an average return of -4.4% and a 39.8% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, McClatchy Company, and Townsquare Media.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for tronc Inc with a $21 average price target.
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