Stocks

International Seaways (INSW) Receives Buy Rating from StockNews.com

Published May 12, 2024

International Seaways, Inc. INSW, a leading company specializing in the oceanic transportation of crude oil and petroleum products, has received a positive update from StockNews.com's team of analysts. Having previously held a "hold" position, INSW has now been lifted to a "buy" rating by the research analysts at StockNews.com. The upgrade was officially reported on Thursday and reflects a more bullish outlook on the company's future performance.

Company Profile: International Seaways, Inc.

Headquartered in New York, New York, International Seaways, Inc. owns and manages a vast fleet of vessels. These vessels are integral in the transoceanic transportation of crude oil and various petroleum products. The company is recognized for its significant footprint in the international flag trade, showcasing a strong presence within the global shipping industry.

Market Analysts and INSW Stock

In addition to the upgrade by StockNews.com, INSW has caught the attention of several other research analysts. The array of reports suggest various viewpoints and emphasizes the company's prominent role in the maritime shipping sector, which is vital for international trade and the broader economy. The upgrade to a "buy" rating signals potential confidence in International Seaways’ strategic positioning and future growth opportunities within its market.

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