Merrill Lynch Downgrades Eagle Bulk Shipping (EGLE) to Underperform

November 12, 2008 7:27 AM EST

Merrill Lynch downgrades Eagle Bulk Shipping (Nasdaq: EGLE) from Buy to Underperform.

Eagle Bulk Shipping Inc. is primarily engaged in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.


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EGLE 4.85

-0.10 -2.02%
Volume: 1,548,515
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Doom and Gloom
Raymond Gomez on Nov 18, 2008 12:39 PM

The "doom and gloom" idiots at Merrill are at it again. Anything to hurt the market and drag everybody down. That is the Merrill Lynch motto. That is the Merrill Lynch way. IDIOTS !!!!!!

Yesterday's News
Ken Hobart on Nov 17, 2008 12:46 PM

Merrill-Lynch is yesterday's news. It's the WORST brokerage/analyst collection in the business. Merrill-Lynch people have no clue. It's why the firm went under. I don't heed anything coming from Merrill. I agree with every one else. MLynch analysts are a bunch of bitter, frustrated losers.

Merrill Downgrades
Eugene Coppola on Nov 15, 2008 09:12 AM

Take a look at reviews of the past two weeks. Every one involving Merrill is a downgrade. Everyting connected with Merrill Lynch is negative. It's all bad news all the time at Merrill. Is it a wonder no one pays attention to Merrill analysts anymore.? Doom, gloom and bitterness. Droves of investors have taken their money out of Merrill and put it with other brokers. Now it's Merrill's turn to ruin good stocks and continue the negativism of this market. The only things ML does well- disruption and chaos. Who cares what Merrill analysts say? Not me.

Eagle- Merrill
Nolan Teransky on Nov 14, 2008 05:41 PM

Didn't Merrill Lynch push Lehman Brothers just 3 months ago? Didn't Merrill tell everyone as recently as July to buy GM and Ford? Why are these clowns still allowed access to the financial markets? Haven't they destroyed everything they've touched for the past year? Haven't their clients lost piles of money? Yet they still "downgrade" a company that beat the market and that's supposed to be n-e-w-s? Grow up. Nobody listens to Merrill Lynch any more. Merrill doesn't analyze companies. Merrill destroys companies. It's trying to destroy Eagle Bulk Shpping. Merrill is a waste of time.

Eagle Bulk Shipping
Mark Sherman on Nov 14, 2008 02:43 PM

Merrill Lynch analyst- hahahahaha, LOL- is there such a thing as an analyst from Merrill... and if so, who in his right mind would pay attention? I agree wih the others who wrote here- Merrill Lynch has no credibility at all. Just a bunch of whiners who couldn't keep their own company afloat and had to be bailed out. Now they are analyzing other companies? HA HA HA I'm sure these analysts from Merrill will work hard to bust Eagle and take it down. That's what Merrill does best.

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