UPDATE: JP Morgan Initiates Costamare at Overweight on Attractive Dividend Yield, Cash Flow Visibility

JP Morgan initiated coverage on Costamare (NYSE: CMRE ) with an Overweight rating and a $16.50 price target. JP Morgan noted, "A defensive, long-term containership chartering strategy with quality counterparties contracted for an average duration of eight years underpins a solid c.7% dividend yield. While the industry continues to suffer