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Performance Shipping Inc. Announces Initiation of Analyst Coverage by Alliance Global Partners (AGP)

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Performance Shipping Inc. (NASDAQ: PSHG), a global tanker vessel company, announced that Alliance Global Partners (AGP) has initiated analyst coverage with a 'Buy' rating and a US$6.50 price target. This development marks a significant milestone for the company, potentially increasing its visibility among investors and in the financial markets. However, it's important to note that the company emphasizes that analyst reports represent the views of the analysts and not necessarily those of Performance Shipping Inc. The company also disclaims responsibility for the content, accuracy, or timing of these reports.

Performance Shipping Inc. (NASDAQ: PSHG), una compagnia globale di navi cisterna, ha annunciato che Alliance Global Partners (AGP) ha iniziato la copertura analitica con un 'Rating di Acquisto' e un obiettivo di prezzo di 6,50 dollari USA. Questo sviluppo rappresenta una pietra miliare significativa per l'azienda, potenzialmente aumentando la sua visibilità tra gli investitori e nei mercati finanziari. Tuttavia, è importante notare che l'azienda sottolinea che i rapporti degli analisti rappresentano le opinioni degli analisti e non necessariamente quelle di Performance Shipping Inc. L'azienda declina anche ogni responsabilità per il contenuto, l'accuratezza o il tempismo di questi rapporti.

Performance Shipping Inc. (NASDAQ: PSHG), una empresa global de buques cisterna, anunció que Alliance Global Partners (AGP) ha iniciado la cobertura analítica con una calificación de 'Compra' y un objetivo de precio de 6,50 dólares estadounidenses. Este desarrollo marca un hito significativo para la empresa, potencialmente aumentando su visibilidad entre los inversores y en los mercados financieros. Sin embargo, es importante señalar que la empresa enfatiza que los informes de analistas representan las opiniones de los analistas y no necesariamente las de Performance Shipping Inc. La empresa también deslinda toda responsabilidad por el contenido, la precisión o el momento de estos informes.

Performance Shipping Inc. (NASDAQ: PSHG), 글로벌 유조선 회사, Alliance Global Partners (AGP)가 '매수' 등급과 6.50달러 미국 달러 목표가로 분석 커버리지를 시작했다고 발표했습니다. 이 개발은 투자자 및 금융 시장에서 회사의 가시성을 잠재적으로 높일 수 있는 중요한 이정표입니다. 그러나 회사는 애널리스트 보고서가 애널리스트의 의견을 나타내며 Performance Shipping Inc.의 의견을 반드시 반영하지는 않는다고 강조하는 것이 중요합니다. 또한 회사는 이러한 보고서의 내용, 정확성 또는 타이밍에 대해 책임을 지지 않습니다.

Performance Shipping Inc. (NASDAQ: PSHG), une société de navires-citernes mondiale, a annoncé qu'Alliance Global Partners (AGP) a lancé sa couverture analytique avec une évaluation 'Achat' et un objectif de prix de 6,50 $ US. Ce développement marque une étape importante pour l'entreprise, augmentant potentiellement sa visibilité parmi les investisseurs et sur les marchés financiers. Cependant, il est important de noter que l'entreprise souligne que les rapports des analystes représentent les points de vue des analystes et pas nécessairement ceux de Performance Shipping Inc. L'entreprise décline également toute responsabilité concernant le contenu, l'exactitude ou le moment de ces rapports.

Performance Shipping Inc. (NASDAQ: PSHG), ein globales Tankerschiff-Unternehmen, hat bekannt gegeben, dass Alliance Global Partners (AGP) mit einer 'Kauf'-Einstufung und einem Zielpreis von 6,50 US-Dollar die Analyseabdeckung begonnen hat. Diese Entwicklung stellt einen bedeutenden Meilenstein für das Unternehmen dar und könnte dessen Sichtbarkeit bei Investoren und auf den Finanzmärkten erhöhen. Es ist jedoch wichtig zu beachten, dass das Unternehmen betont, dass Analystenberichte die Meinungen der Analysten wiedergeben und nicht zwangsläufig die von Performance Shipping Inc. Das Unternehmen lehnt auch die Verantwortung für den Inhalt, die Richtigkeit oder das Timing dieser Berichte ab.

Positive
  • Analyst coverage initiated with a 'Buy' rating
  • Price target set at US$6.50 by AGP
  • Increased visibility in financial markets
Negative
  • None.

ATHENS, Greece, July 24, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that Alliance Global Partners (AGP) has initiated analyst coverage of the Company with a “Buy” rating and US$6.50 price target.

All reports prepared by analysts represent the views of those analysts and not necessarily those of the Company. The Company is not responsible for the content, accuracy, or timing of analyst reports.

About the Company

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on spot voyages, through pool arrangements, and on time charters.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including with respect to the delivery of the vessels we have agreed to acquire, future market conditions and the prospective financing and employment of our vessels. The words “believe," “anticipate," “intends," “estimate," “forecast," “project," “plan," “potential," “will," “may," “should," “expect," “targets," “likely," “would," “could," “seeks," “continue," “possible," “might," “pending” and similar expressions, terms or phrases may identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types of products, changes in governmental rules and regulations or actions taken by regulatory authorities, general domestic and international political conditions or events, including “trade wars”, armed conflicts including the war in Ukraine and the war between Israel and Hamas, the imposition of new international sanctions, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.


FAQ

What is the new analyst rating for Performance Shipping Inc. (PSHG)?

Alliance Global Partners (AGP) has initiated coverage of Performance Shipping Inc. (PSHG) with a 'Buy' rating.

What is the price target set by AGP for Performance Shipping Inc. (PSHG)?

AGP has set a price target of US$6.50 for Performance Shipping Inc. (PSHG).

When did Alliance Global Partners initiate coverage of Performance Shipping Inc. (PSHG)?

Alliance Global Partners initiated coverage of Performance Shipping Inc. (PSHG) on July 24, 2024, as per the press release.

What is Performance Shipping Inc.'s (PSHG) main business focus?

Performance Shipping Inc. (PSHG) is a global shipping company specializing in the ownership of tanker vessels.

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Marine Shipping
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