A slump in bulker values contributed to investment bank BTIG’s decision to slash price targets for three New York-listed bulker owners, although he kept his “buy” ratings on the shares.
Analyst Gregory Lewis trimmed his 12-month targets on shares of Eagle Bulk Shipping, which focuses on supramaxes and ultramaxes, to $52 from $70, which is still above Friday’s price of $43.76.
