By: Benzinga
January 30, 2013 at 09:39 AM EST
UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Eagle Bulk Shipping
In a report published Wednesday, Jefferies reiterated its Hold rating on Eagle Bulk Shipping (NASDAQ: EGLE ), but slightly lowered its price target from $3.00 to $2.50. Jefferies noted, “We are fine-tuning our 4Q12 EPS estimates as average dry bulk charter rates were essentially in-line with expectations during 4Q. We
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