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Deutsche Bank Tells Investors To Buy Euronav Shares If Price Falls Below $8.50
Tuesday, July 5, 2016 - 3:09pm | 155Shares of Euronav NV (NYSE: EURN) have traded lower with the entire Bulk Shipping group Tuesday. The stock was down about 4.5 percent to $8.91 heading into the last hour of trade. Deutsche Bank analyst Amit Mehrotra earlier published a note on the issue, and suggested downward revisions...
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Deutsche Advises Buying Scorpio Tankers On Weakness
Tuesday, July 5, 2016 - 1:32pm | 272Deutsche Bank analyst Amit Mehrotra expects Scorpio Tankers Inc. (NYSE: STNG) to miss estimations in the second quarter. However, the analyst advised investors to buy the shares on weakness.He maintained his Buy rating and retained the price objective of $9. Mehrotra also moderated his...
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Sell Diana Shipping, Deutsche Bank Warns
Wednesday, March 9, 2016 - 11:14am | 291Deutsche Bank’s Amit Mehrotra Diana Shipping Inc. (NYSE: DSX) downgraded the rating on the company from Hold to Sell, while lowering the price target from $4.00 to $1.50. Cash Burn Concerns The downgrade in the rating follows the company’s recent rechartering announcements and a...
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Tankers Threat Level Now 'Red,' Key Names Downgraded At This Research Firm
Friday, February 26, 2016 - 11:37am | 289Deutsche Bank's Amit Mehrotra downgraded the ratings for Euronav NV (EBR: EURN) and Teekay Tankers Ltd (NYSE: TNK) from Buy to Hold. The analyst reduced the price targets for Euronav from $18 to $8.50 and for Teekay Tankers from $8 to $5. Analyst Amit Mehrotra expressed concern regarding the...
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Deutsche Bank's Mehrotra Downgrades Dynagas: Here's Why
Monday, February 22, 2016 - 9:21am | 238Deutsche Bank’s Amit Mehrotra downgraded the rating on Dynagas LNG Partners LP (NYSE: DLNG) from Buy to Hold, while reducing the price target from $25 to $9. Mehrotra explained that the downgrade in the rating was due to expectations of limited upside to the stock valuation and a...
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Why Scorpio Tankers Is Now Loved At Deutsche Bank
Thursday, February 18, 2016 - 10:55am | 256Deutsche Bank’ Amit Mehrotra upgraded the rating for Scorpio Tankers Inc. (NYSE: STNG) from Hold to Buy, while maintaining a price target of $9. He explained that the upgrade reflects the stock’s “compelling valuation,” after the recent pullback, as well as management...
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The 'Perfect Storm' Brewing In Dry Bulk Shipping
Wednesday, November 18, 2015 - 10:14am | 349Shares of Star Bulk Carriers Corp. (NASDAQ: SBLK), Scorpio Bulkers Inc. (NASDAQ: SALT) and Diana Shipping Inc. (NYSE: DSX) are down 81 percent, 42 percent and 22 percent, respectively, year-to-date. Deutsche Bank’s Amit Mehrotra downgraded the ratings on all three companies from Buy to...
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Time To Buy Teekay Tankers, Deutsche Bank Says
Friday, November 6, 2015 - 11:28am | 296The share price of Teekay Tankers Ltd. (NYSE: TNK) has appreciated 41.04 percent year-to-date, touching a high of $8.29 on October 20. Deutsche Bank’s Amit Mehrotra has upgraded the rating on the company from Hold to Buy, while raising the price target from $7 to $10. Mehrotra...
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How These Analysts Are Betting On Rising Dry Bulk Rates
Monday, September 28, 2015 - 10:15am | 207Star Bulk Carriers Corp. (NASDAQ: SBLK) has seen an almost 60 percent decline in its share price, from the high of $6.56 on December 31, 2014. Amit Mehrotra of Deutsche Bank has upgraded the rating on Star Bulk from Hold to Buy, while maintaining a price target of $3. Checks in Asia in...
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What The Heck Is Happening At DryShips?
Friday, September 11, 2015 - 8:25am | 348DryShips Inc. (NASDAQ: DRYS) shares have plummeted 76 percent year-to-date, declining steadily since their high of $1.13 on January 2. Deutsche Bank’s Amit Mehrotra maintained a Hold rating for the company, while reducing the price target from $0.50 to $0.35. Following the sale of...
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A Shift May Be Coming At Scorpio Bulkers; Deutsche Bank Is Buying
Wednesday, July 29, 2015 - 7:51am | 243In a report published Wednesday, Deutsche Bank analyst Amit Mehrotra upgraded the rating on Scorpio Bulkers, Inc. (NYSE: SALT) from Hold to Buy, while raising the price target from $2 to $3. The analyst believes that there were several potential catalysts that could lead to an improvement in the...
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Deutsche Bank Upgrades Star Bulk To Hold
Monday, June 1, 2015 - 9:22am | 245In a report published Monday, Deutsche Bank analyst Amit Mehrotra upgraded the rating on Star Bulk Carriers Corp. (NASDAQ: SBLK) from Sell to Hold, while raising the price target from $2 to $3, following meeting with the management that offered a better view of the company's cash position. "Our...
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UPDATE: Deutsche Bank Initiates Coverage On Star Bulk Carriers On Mixed Factors
Monday, December 8, 2014 - 9:08am | 149In a report published Monday, Deutsche Bank analyst Amit Mehrotra initiated coverage on Star Bulk Carriers Corp. (NASDAQ: SBLK) with a Hold rating and $8.00 price target. In the report, Deutsche Bank noted, “We are initiating coverage on shares of Star Bulk with a Hold rating and $8 price target....
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DryShips Downgraded By Deutsche Bank And Imperial Capital
Monday, October 13, 2014 - 4:13pm | 249DryShips Inc. (NASDAQ: DRYS) was downgraded by Deutsche Bank and Imperial Capital on Monday. Deutsche Bank analyst Amit Mehrotra downgraded the stock from Buy to Hold and lowered the price target from $5 to $2. Imperial Capital analyst Andrew Casella downgraded the stock from Outperform to...
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Deutsche Bank Says Ocean Shippers In New Era Of Prosperity, Initiates On Teekay Tankers Ltd. And StealthGas Inc.
Tuesday, September 16, 2014 - 11:37am | 360Ocean shipping of dry bulk commodities and oil will nearly double earnings capacity in the next several years while the smaller container ship industry will tread water, an analyst said Tuesday. Deutsche Bank's Amit Mehrotra launched coverage in the sector, claiming the marine shipping...