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BofA/Merrill Downgrades DHT Maritime (DHT) to Underperform Following Earnings

September 2, 2009 11:39 AM EDT
DHT Hot Sheet
Rating Summary:
    3 Buy, 0 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36
BofA/Merrill downgrades DHT Maritime (NYSE: DHT) from Neutral to Underperform, also cutting its price target from $4.75 to $3.00.

The downgrade follows DHT's Q2 results this morning. The company missed on both earnings and sales, sending shares of DHT plummeting more than 22%. The stock most recently traded at $3.93.

To see all the analyst upgrades/downgrades on shares of DHT, visit our Analyst Ratings page.

DHT Maritime, Inc., through its subsidiaries, acquires, charters, and operates a fleet of double-hull tankers.

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