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Fly News Breaks for November 3, 2015
NMM
Nov 3, 2015 | 07:33 EDT
Citi analyst Christian Wetherbee downgraded Navios Maritime Partners to Neutral saying a dividend cut looks likely. The analyst points out his new drybulk forecasts push the company's balance sheet to cash negative in Q3 absent a dividend reduction. He cut his price target for shares to $7 from $10.
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