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Fly News Breaks for May 10, 2016
NAT
May 10, 2016 | 06:41 EDT
Jefferies analyst Douglas Mavrinac downgraded Nordic American Tankers to Underperform saying the company's strategy change of incurring debt to fund growth elevates the risk profile. "This is NOT going to end well," Mavrinac tells investors in a research note. He cut his price target for the shares to $10 from $12.
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