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Deutsche Bank Starts Navios Maritime Partners (NMM) at Hold

September 15, 2014 4:35 PM EDT
Get Alerts NMM Hot Sheet
Price: $42.62 +0.12%

Rating Summary:
    6 Buy, 6 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Deutsche Bank initiated coverage on Navios Maritime Partners (NYSE: NMM) with a Hold rating and a price target of $23.00.

Analyst Amit Mehrotra said, "NMM’s resilient performance year-to-date (+4% vs. Dry Bulk peers down 20%) is mostly attributable to its MLP structure and resulting focus on distribution ($1.77/unit or 9% yield), and good coverage position (91.5% of available days in 2014, 55.9% for 2015 and 42.0% for 2016). As such NMM appears attractive to us for yield-driven investors, but its more protected income stream also means less overall operating leverage to rising spot rates."

For an analyst ratings summary and ratings history on Navios Maritime Partners click here. For more ratings news on Navios Maritime Partners click here.

Shares of Navios Maritime Partners closed at $19.94 yesterday.



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