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Fly News Breaks for March 2, 2017
GNK
Mar 2, 2017 | 12:04 EDT
Jefferies analyst Douglas Mavrinac raised his price target for Genco Shipping to $16 citing an improving outlook despite the weaker than expected Q4 results. The dry bulk shipping market is positioned to benefit from limited fleet growth, Mavrinac tells investors in a research note. He reiterates a Buy rating on the shares.
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GNK
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