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JPMorgan sees upside for dry bulk shippers

Apr. 07, 2017 7:56 AM ETDiana Shipping Inc. (DSX) StockDSX, GOGL, SEA-OLDBy: Clark Schultz, SA News Editor4 Comments
  • 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.

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