Dry Bulk Sector On Fire as Analyst Upgrades 7 Shipping Stocks (DSX, EGLE, EXM, more)
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May 19, 2009 11:03 AM EDT
An analyst at Dahlman Rose, a small research firm that specializes in the natural resources supply chain, and specifically marine transport, is moving the entire dry bulk shipping sector today. The Dahlman analyst upgraded 7 stocks in the sector today, causing dry bulk stocks which were not even upgraded to rise.
- Diana Shipping (NYSE: DSX) from Hold to Buy. Up 5.1%
- Eagle Bulk Shipping (Nasdaq: EGLE) from Hold to Buy. Up 7.3%
- Genco Shipping (NYSE: GNK) from Hold to Buy. Up 7.4%
- Paragon Shipping (Nasdaq: PRGN) from Hold to Buy. Up 10.9%
- Safe Bulkers (NYSE: SB) from Hold to Buy. Up 11.1%
- Star Bulk Carriers (Nasdaq: SBLK) from Hold to Buy. Up 15.5%
- Excel Maritime (NYSE: EXM) from Sell to Hold. Up 4.7%
Elsewhere in the sector: DryShips (Nasdaq:
DRYS) up 2.4%, Navios Maritime (NYSE:
NM) up 6.7%, TBS International (Nasdaq:
TBSI) up 9% and DHT Maritime (NYSE:
DHT), which reported its
Q1 results this morning, is up 4.3%.
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