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Fly News Breaks for April 20, 2018
ASC, INSW, NAP
Apr 20, 2018 | 06:38 EDT
JPMorgan analyst Noah Parquette double upgraded Navios Maritime Midstream to Overweight from Underweight while lowering his price target for the shares to $6 from $7. Following the stock decline on the distribution cut, Navios Maritime Midstream joins International Seaways (INSW) as Parquette's favorite way to play a potential crude tanker recovery. Ardmore Shipping (ASC) remains his top pick in product tankers. The analyst has become more constructive on a crude tanker recovery in 2019.
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