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Fly News Breaks for March 8, 2016
DSX
Mar 8, 2016 | 17:17 EDT
Deutsche Bank analyst Amit Mehrotra downgraded Diana Shipping to Sell after meeting with management. He cut his price target for the shares to $1.50 from $4. Diana's negative cash flows are worse than thought amid the "significant" step down in dry bulk rates and its period chartering strategy, Mehrotra tells investors in a research note. Debt relief over the near or mid-term is likely, the analyst contends.
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