Oppenheimer Initiates Coverage Genco Shipping & Trading (GNK) with an Outperform

October 2, 2008 7:53 AM EDT

Oppenheimer initiates coverage Genco Shipping & Trading (NYSE: GNK) with an Outperform. Price target $50.

Genco Shipping & Trading Limited (GS&T) is engaged in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.


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