FBR Capital Reiterates an 'Outperform' on Diana Shipping (DSX)
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FBR Capital reiterates an Outperform on Diana Shipping (NYSE: DSX), price target $18.
FBR analyst says, "Vessel acquisitions are on the horizon as the company seeks to acquire during the downturn. Diana Shipping has enough liquidity to more than double its Capesize fleet, and an initial purchase could be as early as next month. We believe once acquisitions commence, DSX shares will appreciate as capital is put to work and fleet growth becomes more transparent. Consequently, we reiterate our Outperform rating and $18.00 price target based on 9.5x 2010 P/CF."
To see more analyst ratings on DSX Click Here.
Diana Shipping Inc., through its subsidiaries, provides shipping transportation services.
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