BofA/Merrill Lynch Downgrades Navios Maritime Midstream Partners LP (NAP) to Underperform
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Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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BofA/Merrill Lynch downgraded Navios Maritime Midstream Partners LP (NYSE: NAP) from Neutral to Underperform with a price target of $8.00 (from $13.00).
Analyst Ken Hoexter expects re-charter rates to fall below current rates and expects fleet growth to be delayed.
FY 2018 EPS estimate falls from $1.00 to $0.80 and FY 2019 EPS estimate falls from $1.11 to $0.60.
For an analyst ratings summary and ratings history on Navios Maritime Midstream Partners LP click here. For more ratings news on Navios Maritime Midstream Partners LP click here.
Shares of Navios Maritime Midstream Partners LP closed at $9.88 yesterday.
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