JPMorgan sees upside for dry bulk shippers

|By:, SA News Editor

The shipping sector could get a jolt after JPMorgan dips in to upgrade a pair of dry bulk names. JP thinks rates will run higher amid a more stable suply trend.

The firm upgrades Diana Shipping (NYSE:DSX) and Golden Ocean (NASDAQ:GOGL) to Overweight from Neutral. Diana catches a price target of $8, while Golden Ocean earns a $14 PT.

Related ETF: SEA.

DSX +6.06% premarket to $5.60. GOGL +1.67% to $8.50.