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Fly News Breaks for June 18, 2018
EGLE
Jun 18, 2018 | 07:32 EDT
Morgan Stanley analyst Fotis Giannakoulis initiated coverage of Eagle Bulk Shipping with an Equal Weight rating and $6.50 price target. Favorable dry bulk fundamentals, its strong management team and low levered balance sheet inspire confidence, but the dry bulk sector remains highly volatile and closely linked to Chinese commodity demand, Giannakoulis tells investors.
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