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Fly News Breaks for November 18, 2015
DSX
Nov 18, 2015 | 06:07 EDT
Deutsche Bank analyst Amit Mehrotra downgraded Diana Shipping to Hold saying an improvement in dry bulk rates into year-end has not materialized. The analyst believes a number of dry bulk companies are contemplating asset sales to raise liquidity. He thinks a glut of "for sale" tonnage has negative implications for asset and equity values. Mehrotra cut his price target for Diana Shipping to $4 from $10.50.
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