Shares of Excel Maritime (EXM -4.3%) lag behind other shipping stocks (SEA -0.2%) after Zachs...

|About: Excel Maritime Carriers Ltd. (EXM)|By:, SA News Editor

Shares of Excel Maritime (EXM -4.3%) lag behind other shipping stocks (SEA -0.2%) after Zachs downgrades the firm to Underperform citing intense price competition likely to hit margins. The sector still sits down 40% over the last year, although one trader finds a reason to buy.