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 17.72

+0.47 +2.72%
Volume: 184,678
Track DSX

GNK 26.17

+0.71 +2.79%
Volume: 114,917
Track GNK

PRGN 5.32

+0.17 +3.30%
Volume: 97,905
Track PRGN

SBLK 3.58

+0.12 +3.47%
Volume: 41,463
Track SBLK


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