FBR Capital Resumes Coverage on Drybulk Stocks: ULTR, NM, ESEA, BALT at Outperform, EXM, GNK, EGLE at Market Perfrom

FBR Capital's Rob Mackenzie resumed coverage on the following Drybulk Shipping stocks Wednesday morning.

With an Outperform rating:

• Ultrapetrol (Bahamas) (Nasdaq: ULTR) - $8.50 price target
  
• Navios Maritime (NYSE: NM) - $6.40 price target
  
• Euroseas (Nasdaq: ESEA) - $6.75 price target
  
• Baltic Trading (Nasdaq: BALT) - $8 price target

With a Market Perform rating:

• Excel Maritime (NYSE: EXM) - $3.15 price target
  
• Genco Shipping (NYSE: GNK) - $6 price target
  
• Eagle Shipping (Nasdaq: EGLE) - $3 price target

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