Scorpio Bulkers (SALT) Misses Q1 EPS by 1c

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UBS Downgrades Scorpio Bulkers (SALT) to Sell

May 5, 2016 7:00 AM EDT

UBS downgraded Scorpio Bulkers (NYSE: SALT) from Neutral to Sell with a price target of $3.50 following strong run since last equity issuance.

Analyst Spiro Dounis commented, "SALT has traded up roughly 33% since March 17th, following its recent equity offering, and... More