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Fly News Breaks for July 10, 2019
SALT
Jul 10, 2019 | 08:22 EDT
BTIG analyst Gregory Lewis raised his price target on Scorpio Bulkers to $9 and kept his Buy rating, saying that while the stock price increased 30% over the past month, it is still trading at about a 45% discount to net asset value vs. the peers' range of discounts of 0% to 30%. The analyst believes that the stock has "ample room to run" with the bottom in shipping rates now in the past and the asset prices "trending stable".
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