Dahlman Rose Upgrades Overseas Shipholding Group (OSG) to Hold; Exposure to Crude

Dahlman Rose upgraded Overseas Shipholding Group (NYSE: OSG) from Sell to Hold.

Dahlman analyst said, "We are upgrading OSG based on its exposure to the crude and refined product tanker spot markets. Our current NAV assessment of $1.40 has upside to $15 by year-end 2012. While the company has significant upside potential to a market reversal, we are maintaining a more conservative stance on the shares as management is currently evaluating options to enhance its liquidity position."

For an analyst ratings summary and ratings history on Overseas Shipholding Group click here. For more ratings news on Overseas Shipholding Group click here.

Shares of Overseas Shipholding Group closed at $11.78 yesterday.

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