Fotis Giannakoulis of Morgan Stanleydowngraded the bulker operator’s Nasdaq-listed stock to “equal-weight” butraised his price target to $14.00 from $12.00.
In a report issued two hours after theclose the forecaster applauded Knightsbridge and its campaign to create one ofthe largest capesize fleets in the world, which is why a pair of his peers anda trader with a top hedge fund said they were “surprised” by the revision.
In
