ABN AMRO picks through shipping stocks

• ABN AMRO hones in on the shipping sector with a fresh round of initiations.
• Star Bulk (SBLK -0.8%) is started off with a Sell rating, along with DryShips (DRYS +0.3%) and Diana Shipping (DSX -2.3%).
• The Dutch investment firm isn't as bearish on Navios Maritime Holdings (NM -2%) which lands a Hold rating and $4.50 price target (slight upside).
• The Baltic Dry Index is inching higher this week, but is off 24% YTD and 63% over the last 52 weeks.