Fly News Breaks for September 28, 2015
SALT, DSX, SBLK
Sep 28, 2015 | 06:52 EDT
Deutsche Bank analyst Amit Mehrotra upgraded Star Bulk Carriers (SBLK) to Buy saying his trip to Asia last week supported his expectation for "strong outperformance" in dry bulk equities starting in 2016. "Sharply" higher spot rates in the last two months of this year will provide a catalyst for shares, Mehrotra tells investors in a research note. He keeps a $3 price target for the stock. Star Bulk closed Friday up 20c to $2.43. The analyst also has Buy ratings on Diana Shipping (DSX) and Scorpio Bulkers (SALT).
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