FBR Capital Downgrades Dry Bulk Shipping Sector to Underweight
More News related to DRYS
- DryShips (DRYS) Announces Agreement With Commerzbank and West to Waive $70M in Debt
- DryShips Announces It Has Reached Agreement With Commerzbank and West LB on Waiver Terms for $70 Million of Debt
- Highlights From DRYS's Q3 Conference Call: 77% Covered for 2011 at Average Rate of $37,000 Per Day
- DryShips (DRYS) Posts Q3 EPS of adj.-$0.27, Beats By 7c
- DryShips Inc. Reports Financial and Operating Results for the Third Quarter Ended September 30, 2009
More News related to DSX
- Diana Shipping Inc. Schedules Third Quarter 2009 Earnings Release and Conference Call
- Deutsche Bank Starts Various Transportation Stocks: KNX, DSX, FDX, HTLD, NSC, ODFL, CSX at Buy
- Diana Shipping (DSX) Enters Time Charter Contract for m/v Triton
- Diana Shipping Inc. Announces Time Charter Contract for m/v Triton
- Stephens Less Bullish on Dry Bulk Shippers: Downgrades DSX, GNK, PRGN, SBLK
More News related to ESEA
- Deutsche Bank Starts Various Transportation Stocks: KNX, DSX, FDX, HTLD, NSC, ODFL, CSX at Buy
- Euroseas Ltd. to Present at Maxim Group 3rd Annual Growth Conference
- Euroseas Ltd. (ESEA) Announces Two-Year Time Charter Agreement
- Euroseas (ESEA) Reports Q2 EPS of $0.02, Beats by 2c
- Trading Radar for 8/11: Cree (CREE), tw telecom (TWTC), 3SBio (SSRX), Farmer Mac (AGM), Fossil (FOSL), Bob Evans Farms (BOBE) Report; Preliminary Productivity, Wholesale Inventories D
FBR Capital downgraded the U.S. dry bulk shipping sector from Market Weight to Underweight. The firm doesn't expect the market to stabilize until 20013 and said China iron ore inventories are sufficient and they will no longer need to import as aggressively.
Stocks in the sector:
DryShips, Inc. (Nasdaq: DRYS), Diana Shipping Inc. (NYSE: DSX), Euroseas, Ltd. (Nasdaq: ESEA), Overseas Shipholding Group Inc. (NYSE: OSG), Star Bulk Carriers Corp. (Nasdaq: SBLK), Excel Maritime Carriers, Ltd. (NYSE: EXM), Navios Maritime Holdings Inc. (NYSE: NM).
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
DowngradesTrader Talk
Stocks Mentioned
+0.03
-0.08Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
