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Fly News Breaks for January 28, 2020
SALT
Jan 28, 2020 | 08:48 EDT
B. Riley FBR analyst Liam Burke lowered his price target for Scorpio Bulkers to $6.50 from $9.50 to reflect four fewer vessels in the fleet and a weaker Q2 related to the short-term effect the coronavirus could have on the Chinese economy. However, the analyst maintains a Buy rating on the shares. Over the long term, the sector is seeing an improving demand profile with tightening capacity, Burke tells investors in a research note.
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