Jefferies Reports On River Transportation Demand

Jefferies has issued a report regarding the increased demand on river transportation. Jefferies writes, “ULTR's barge building facility should grow regional barge supply by 4% by the end of the year, with an additional 3% coming in from the Mississippi River… we estimate that fleet growth should be approximately 5% while demand growth should be at least 8%.” Ultrapetrol

has a Buy Rating and a $10 Price Target.