Deutsche Bank upgraded Navios Maritime Acquisition Corporation (NYSE: NNA) from Hold to Buy and raised the price target from $3.00 to $5.00.
Deutsche Bank said, “In our outlook we have upgraded NNA to Buy-rated from Hold based on its exposure to product tankers and the potential for dividend raises in 2013 and 2014.”
Navios Maritime Acquisition Corporation closed at $2.56 on Tuesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: Deutsche Bank
Posted in: Analyst Color, Upgrades, Analyst Ratings