Genco's Fair Value Rises Amid Diana Tender Offer: Analysts See Upside Beyond $20.60 Bid
Analysts have raised Genco Shipping & Trading's fair value estimate to $24.10 per share, signaling a belief that the dry bulk carrier's prospects extend beyond Diana Shipping's cash offer of $20.60 per share. The revision reflects adjusted assumptions on discount rates and revenue growth, setting the stage for a potential bidding war or strategic review.