UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Diana Shipping

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Diana Shipping (NYSE: DSX), but slightly lowered its price target from $11.00 to $10.00.

Jefferies noted, “Yesterday, Diana Shipping reported 3Q12 EPS of $0.15 which exceeded Street consensus of $0.14 and was in line with our estimate of $0.15 as the Company's better than expected reported EBITDA was essentially offset by higher than expected depreciation and interest costs.”

Diana Shipping closed on Tuesday at $7.43.

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