Paragon Shipping Inc. (PRGN) Misses Q1 EPS by 16c

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Paragon Shipping (PRGN) 'Buy' Reiterated at Jefferies Despite Weak Q1

May 21, 2014 9:06 AM EDT

Jefferies analyst Douglas Mavrinac reiterated a Buy rating and $12 price target on Paragon Shipping Inc. (NASDAQ: PRGN) despite lackluster Q1 results.

Mavrinac commented, "Yesterday after the market close, Paragon reported an adjusted 1Q14 EPS loss of $0.31, which was below both Street consensus of an... More