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Fly News Breaks for November 27, 2015
SALT
Nov 27, 2015 | 07:32 EDT
Deutsche Bank analyst Amit Mehrotra expects shares of Scorpio Bulkers to react positively today to Wednesday's news of six Capesize vessels selling for $227M. The sale extend the cash runway of the company, particularly in the seasonally weak 1Q period, Mehrotra tells investors in a research note. He views the story as largely unchanged, however, and keeps a Hold rating on Scorpio with a $1 price target.
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