Deutsche Bank Upgrades Diana Shipping (DSX) to Buy

Deutsche Bank upgraded Diana Shipping (NYSE: DSX) from Hold to Buy with a price target of $8 (unchanged).

Analyst Amit Mehrotra said, "DSX shares are now trading near what we believe to be conservative asset value assumptions (i.e. true NAV), and arguably more important, is operating from a position of strength given its prudently conservative balance sheet. Our unchanged $8 price target translates to 30% upside."

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

Shares of Diana Shipping closed at $6.09 yesterday.

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