Scorpio Bulkers (SALT) Tops Q2 EPS by 2c

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Deutsche Bank Upgrades Scorpio Bulkers (SALT) to Buy

July 29, 2015 6:53 AM EDT

Deutsche Bank upgraded Scorpio Bulkers (NYSE: SALT) from Hold to Buy with a price target of $3.00 (from $2.00). Analyst Amit Mehrotra noted improving sentiment.

"Our rating change is driven by several factors: 1) we estimate SALT has $190M of excess cash following its recent... More