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Fly News Breaks for May 10, 2017
EGLE
May 10, 2017 | 08:58 EDT
Seaport Global analyst Magnus Fyhr said Eagle Bulk Shipping weakness provides a buying opportunity to accumulate shares below NAV of approximately $5.42/share. The analyst said Eagle Bulk Shipping reported in-line Q1 results and continues to execute on fleet renewal and its growth strategy. Fyhr said Eagle's year-to-date weakness is likely due to an overhang from recent private placements and reiterates his Buy rating and $7 price target.
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