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Costamare (NYSE:CMRE) Upgraded at Wall Street Zen
Costamare (NYSE:CMRE) was upgraded by Wall Street Zen from “hold” to “buy” despite missing quarterly earnings expectations, reporting $0.60 EPS against an expected $0.74, and revenue of $200.18 million, down 6.9% year-over-year. The stock opened at $16.57, trades with a P/E of 5.81, and has a market cap of $1.99 billion, maintaining a consensus “Hold” rating from analysts with an average target price of $12.00. Institutional investors have recently adjusted their holdings in CMRE.