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Fly News Breaks for May 5, 2016
SALT
May 5, 2016 | 06:10 EDT
UBS analyst Spiro Dounis downgraded Scorpio Bulkers to Sell citing the stock's 33% rally since March 17. While the recent equity offering helped extend Scorpio's runway, a bulker market recovery may still be years away, Dounis tells investors in a research note. He keeps a $3.50 price target for the shares.
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