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Fly News Breaks for October 23, 2015
DSX, SB
Oct 23, 2015 | 06:44 EDT
Jefferies analyst Douglas Mavrinac downgraded Safe Bulkers (SB) to Hold saying the stock no longer trades at a discounted valuation relative to the company's net asset value. Mavrinac finds the stock fairly valued and cut his price target for the name to $3 from $4.50. The analyst also downgraded this morning Diana Shipping (DSX) to Hold for a similar rationale.
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