UBS Upgrades Scorpio Bulkers To Buy

Analysts at UBS upgraded

from Neutral to Buy. The price target for Scorpio Bulkers has been raised from $2.75 to $3.50. Scorpio Bulkers shares have dropped 71.49 percent over the past 52 weeks, while the S&P 500 index has surged 13.21 percent in the same period. Scorpio Bulkers' shares rose 1.63 percent to close at $2.50 yesterday.