Strong Financial Performance and Strategic Decisions Drive Buy Rating for United Maritime Corp.
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Tate Sullivan from Maxim Group maintained a Buy rating on United Maritime Corp. with a price target of $3.50, citing strong financial performance and strategic decisions. The company's third-quarter results exceeded expectations, with increased revenue and earnings per share. United Maritime Corp. also raised its quarterly dividend and secured favorable time charter rates for Q4. The stock's low multiple of book value per share offers an attractive valuation. Sullivan's positive outlook is supported by strategic asset sales and efficient cost management.
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