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Fly News Breaks for April 27, 2016
NM
Apr 27, 2016 | 06:08 EDT
Citi analyst Christian Wetherbee downgraded Navios Maritime Holdings to Sell saying the shares have rebounded "a bit too quickly and too far" from recent lows. The recent improvement in dry bulk rates do not warrant "material optimism," the analyst contends. He raised his price target for the shares to $1.00 from 85c.
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