UPDATE: Jefferies Reiterates Hold Rating, Raises PT on DryShips
Posted on January 30, 2013 at 09:39 AM EST
In a report published Wednesday, Jefferies reiterated its Hold rating on DryShips (NASDAQ: DRYS ), and slightly raised its price target from $2.00 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 are, however,