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Fly News Breaks for January 19, 2018
INSW, TNP, ASC, NNA
Jan 19, 2018 | 06:51 EDT
JPMorgan analyst Noah Parquette downgraded Navios Maritime Acquisition (NNA) to Neutral on concerns the dividend could be cut if his rate forecasts prove to be correct. He believes 2018 could be a tough year for crude tankers as demand weakness persists. The analyst does not have a price target for Navios Acquisition shares. His favorite names among the Oil Tankers are Ardmore Shipping (ASC), TEN, Ltd. (TNP) and International Seaways (INSW).
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