Morgan Stanley Sees Good Investment Opportunity in Diana Shipping

In a report published Thursday, Morgan Stanley analyst Fotis Giannakoulis reiterated an Overweight rating and $14.50 price target on

. In the report, Morgan Stanley noted, “DSX offers a solid deep value investing opportunity as it trades at a steep NAV discount and its cash rich balance sheet provides significant growth potential. While EPS is expected to be negative this year, we expect profitability to return in 2015 as below market charters rollover at higher rates.” Diana Shipping closed on Wednesday at $11.07.