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BRAEMAR SHIPPING SERVICES
Westhouse Securities reiterated its “buy” rating following confirmation of the financial details of Clarkson’s proposed acquisition of RS Platou. The broker said it viewed consolidation in the shipbroking market as positive, due to “the removal of competition and the potential to pick up decent people”.
Cantor Fitzgerald reiterated its “buy” rating, after the oil firm announced a conditional placing and loan agreement. The broker said the news was “an important milestone in Sirius’ evolution into a fully financed indigenous development company” and reduced target price to 5.5p.