Deutsche Bank Upgrades Navios Maritime Acquisition Corp. (NNA) to Buy

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Deutsche Bank upgraded Navios Maritime Acquisition Corp. (NYSE: NNA) from Hold to Buy with a price target of $5.00 (from $3.00).

The firm comments, "In our outlook we have upgraded NNA to Buy-rated from Hold based on its exposure to product tankers and the potential for dividend raises in 2013 and 2014."

For an analyst ratings summary and ratings history on Navios Maritime Acquisition Corp. click here. For more ratings news on Navios Maritime Acquisition Corp. click here.

Shares of Navios Maritime Acquisition Corp. closed at $2.56 yesterday, with a 52 week range of $2.05-$3.74.

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