Goldman Sachs Downgrades General Maritime (GMR) to Sell
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Price: $0.16 --0%
Rating Summary:
1 Buy, 3 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 26
Rating Summary:
1 Buy, 3 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 26
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Goldman Sachs downgraded General Maritime (NYSE: GMR) from Neutral to Sell.
The firm said, "We expect the current downcycle for crude tankers to last longer than expected... We have been negative on tanker fundamentals since initiating coverage of the sector in Dec 2010 but believe that a prolonged downcycle is becoming clearer."
For more ratings news on General Maritime click here and for the rating history of General Maritime click here.
Shares of General Maritime closed at $2.32 yesterday.
The firm said, "We expect the current downcycle for crude tankers to last longer than expected... We have been negative on tanker fundamentals since initiating coverage of the sector in Dec 2010 but believe that a prolonged downcycle is becoming clearer."
For more ratings news on General Maritime click here and for the rating history of General Maritime click here.
Shares of General Maritime closed at $2.32 yesterday.
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