Diana Shipping (DSX) Continuing Higher On the Back of a Two-Notch Upgrade

November 11, 2009 10:46 AM EST

Shares of Diana Shipping (NYSE: DSX) have now traded to fresh session highs following yesterday's earnings report and a two-notch analyst upgrade earlier today. The stock is currently up 6.7% to around $15.36.

Diana topped the Street's Q3 views on both the top and bottom line yesterday, sending the stock about 1.6% higher.

Also affecting the stock today, an analyst at Nordea, a small financial services firm in the Nordic and Baltic region, lifted the firm's investment rating on DSX all the way from Sell to Buy.

Visit our Analyst Ratings page to see all the upgrades/downgrades on Diana Shipping following the quarterly results.

Diana Shipping Inc., through its subsidiaries, provides shipping transportation services.


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