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Deutsche Bank made a number of updates on the shipping sector in a research report published today.
Eagle Bulk Shipping
EGLE had its rating downgraded from Hold to Sell. At the same time, its price target was reduced from $3 to $1. On Monday, EGLE lost 4.18% of its value to finish the day at $2.52.
Genko Shipping
GNK had its rating downgraded from Hold to Sell. At the same time, its price target was reduced from $8 to $4. On Monday, GNK lost 1.53% of its value to end the day at $6.44.
Excel Maritime Carriers
EXM had its rating downgraded from Buy to Hold. At the same time, its price target was reduced from $7 to $3. On Monday, EXM lost 3.66% of its value to end the day at $2.63. Its shares rebounded in today's pre-market trading, rising 4.56% to stand around $2.75.
Navios Maritime Partners
NMM had its rating upgraded from Hold to Buy. At the same time, its price target was reiterated at $20. On Monday, NMM lost 3.64% of its value to end the day at $16.14.
Diana Shipping
DSX had its rating reiterated at Buy. At the same time, its price target was reduced from $15 to $13. On Monday, DSX lost 2.01% of tis value to finish the day at $9.73.
Euroseas
ESEA had its rating reiterated at Hold. At the same time, its price target was maintained at $5. On Monday, ESEA lost 3.41% of its value to finish the day at $4.25.
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