By: Benzinga
UPDATE: JP Morgan Initiates Diana Shipping at Neutral; Valuation Nearly Full
JP Morgan initiated coverage on Diana Shipping (NYSE: DSX ) with a Neutral rating and a $9.50 price target. JP Morgan said, "DSX offers defensive qualities that yielded relative outperformance during the prolonged (and ongoing) drybulk market downturn. With management's shift to somewhat shorter duration time charters, exposure to an
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