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UPDATE: Deutsche Bank Upgrades Navios Maritime Acquisition Corporation to Buy on Yield Outlook

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Deutsche Bank upgraded Navios Maritime Acquisition Corporation (NYSE: NNA) from Hold to Buy and raised the price target from $3.00 to $5.00.

Deutsche Bank said, "In our outlook we have upgraded NNA to Buy-rated from Hold based on its exposure to product tankers and the potential for dividend raises in 2013 and 2014."

Navios Maritime Acquisition Corporation closed at $2.56 on Tuesday.

Posted-In: Deutsche BankAnalyst Color Upgrades Analyst Ratings

 

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