Dahlman Rose Downgrades Several Dry Bulk Shippers to Hold (DSX, PRGN, EGLE, GNK, more..)

Dahlman Rose downgraded several dry bulk shipping names this morning:

from Buy to Hold:

• Star Bulk (Nasdaq: SBLK)
  
• Diana Shipping (NYSE: DSX)
  
• Paragon Shipping (Nasdaq: PRGN)
  
• Navios Maritime (NYSE: NM)
  
• Genco Shipping (NYSE: GNK)
  
• Eagle Bulk Shipping (Nasdaq: EGLE)
  
• Safe Bulkers (NYSE: SB)

Despite crude oil which is moving lower this morning, these names are seeing substantial downside on the back of the sector-wide downgrade at Dahlman. Diana Shipping is currently down more than 7%, Eagle Bulk is down 8%, Star Bulk is down nearly 9%, Paragon is down more than 10% and Genco is down 9%.

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