Capital Product Partners Hoping For More Solid 3Q

Capital Product Partners, LP (NASDAQ: CPLP) is seeing troubles with the Chinese markets and the downward turn that dry and wet bulk and tanker rates took at the end of the 2Q, according to Deutsche Bank.

Deutsche has lowered the price target from $9 to $8, and expects to see a return of cargo demand in the fall and winter months.

Capital Product Partners, LP closed yesterday at $8.93.