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Nordic American Tanker (NAT +2.6%) gains after Cantor Fitzgerald upgrades shares to Hold. While...
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Monday, October 24, 2011, 10:07 AM ETNordic American Tanker (NAT +2.6%) gains after Cantor Fitzgerald upgrades shares to Hold. While expecting Nordic's exposure to weak spot shipping prices to limit near-term profitability, Cantor likes the company's current valuation, low leverage, and reliance on Suezmax-class tankers.
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