Imperial Capital Re-Initiates DryShips (DRYS) at In-Line

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Imperial Capital re-initiates coverage on DryShips (NASDAQ: DRYS) with a In-Line. PT $2.11. They are also re-initiating coverage with an Underperform rating on the $700mn DryShips 5% senior convertible notes due 12/1/14 (5s) at the recent price of 85 (14.61% YTM).

For an analyst ratings summary and ratings history on DryShips click here. For more ratings news on DryShips click here.

Shares of DryShips closed at $2.28 yesterday, with a 52 week range of $1.46-$3.84.

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