In a note released after the close Monday evening Fotis Giannakoulis changed his rating for the New York-quoted stock to “underweight” and set a $13.00 price target.
The forecaster said the revision reflects concerns about the Athens-based operator’s dividend even though he sees the payout as “stable” in the near term.
The analyst noted Navios Partners is currently shelling out an annual dividend of $1.77
