Stephens Less Bullish on Dry Bulk Shippers: Downgrades DSX, GNK, PRGN, SBLK

September 25, 2009 7:46 AM EDT

An analyst at Stephens has downgraded several stocks in the dry bulk shipping sector this morning, each from Overweight to Equalweight:

  • Diana Shipping (NYSE: DSX) - price target from $20 to $13
  • Genco Shipping (NYSE: GNK) - price target from $40 to $17
  • Paragon Shipping (Nasdaq: PRGN) - price target from $7 to $5
  • Star Bulk Carriers (Nasdaq: SBLK) - price target from $5 to $4


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Downgrades
Trader Talk

Stocks Mentioned

DSX 17.25

+0.56 +3.36%
Volume: 3,691,095
Track DSX

GNK 25.46

+0.36 +1.43%
Volume: 2,543,531
Track GNK

PRGN 5.15

+0.02 +0.39%
Volume: 1,354,326
Track PRGN

SBLK 3.46

-0.04 -1.14%
Volume: 428,479
Track SBLK


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