- The stock price of Diana Shipping (DSX) fell by over 5% pre-market today. This is why.
The stock price of Diana Shipping (DSX) fell by over 5% pre-market today.
Why: Bearish research report
Price target: Fell from $7 to $5
Rating: Downgraded from “Buy” to “Hold”
Analyst: Jefferies analyst Omar Nokta
Nokta adjusted the rating while noting that Diana Shipping provides investors with a conservative exposure to dry bulk via its term charter approach. And while freight rates are inherently volatile, Diana’s charter profile offers smoother earnings from quarter-to-quarter while still benefiting from stronger market fundamentals.