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Fly News Breaks for May 8, 2017
SALT, SBLK
May 8, 2017 | 06:42 EDT
The recent selloff in the dry bulk shipping space has created buying opportunities, Deutsche Bank analyst Amit Mehrotra tells investors in a research note. The analyst attributes the recent weakness to a moderation in dry bulk rates. He points out, however, that imports from Brazil were up in April. Mehrotra recommends buying shares of Star Bulk Carriers (SBLK) and Scorpio Bulkers (SALT).
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