Okeanis Eco Tankers (ECO) saw its stock price soar by 5.02% during intraday trading on Friday, reflecting strong positive investor sentiment.
The sharp increase appears to be driven by bullish analyst action from B. Riley Securities, which raised its price target on the stock to $55 from $45 while maintaining a Buy rating. The target price increase represents a significant upward revision of approximately 22%.
Such analyst upgrades typically signal confidence in a company's future earnings potential and growth trajectory, often prompting increased buying activity from investors.