Maxim Group Upgrades Excel Maritime (EXM), Eagle Bulk (EGLE), Genco (GNK) to Buy

August 28, 2008 10:40 AM EDT

Maxim Group upgraded several dry bulk shippers this morning:

  • Excel Maritime (NYSE: EXM) from Hold to Buy
  • Eagle Bulk Shipping (Nasdaq: EGLE) from Hold to Buy, and
  • Genco Shipping (NYSE: GNK) from Hold to Buy.
Excel Maritime Carriers, Ltd., a shipping company, engages in the ownership and operation of bulk carrier vessels.

Eagle Bulk Shipping, Inc. provides ocean transportation services for various major and minor bulk cargoes.

Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels.


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Upgrades

Stocks Mentioned

EGLE 5.66

+0.81 +16.70%
Volume: 5,319,442
Track EGLE

EXM 6.59

+0.70 +11.88%
Volume: 3,412,806
Track EXM

GNK 23.76

+3.04 +14.67%
Volume: 5,097,066
Track GNK


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