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Fly News Breaks for April 1, 2019
NNA
Apr 1, 2019 | 07:31 EDT
Citi analyst Christian Wetherbee resumed coverage of Navios Acquisition with a Neutral rating and lowered his price target for the shares to $6.00 from $11.25. While the analyst sees opportunities to "create value and unlock upside," he believes the company's "execution is not certain." The stock seems fairly valued as it currently trades at a relatively modest discount to net asset value, Wetherbee tells investors in a research note.
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