FREE Breaking News Alerts from StreetInsider.com!
E-mail Address
Top News Most Read Highlighted
Get Alerts DRYS Hot Sheet
Rating Summary:
3 Buy, 6 Hold, 2 Sell
Rating Trend: Down
Today’s Overall Ratings:
Up: 15 | Down: 17 | New: 29
Imperial Capital downgraded DryShips (NASDAQ: DRYS) from In-Line to Underperform with a price target of $1.37 (from $2.11).
“Recent declines in the value of DRYS’ equity stake in ORIG have reduced NAV/share; both the drybulk and tanker markets have significant excess capacity and are likely to remain weak throughout 2013, resulting in further potential declines in NAV for the DRYS fleet, in our view,” the analyst said.
For an analyst ratings summary and ratings history on DryShips click here. For more ratings news on DryShips click here.
Shares of DryShips closed at $2.04 yesterday, with a 52 week range of $1.46-$3.75.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW