The equity analyst, who joined MLV &Co in March, branded shares of Baltic Trading, Navios Maritime Holdings, SafeBulkers, Scorpio Bulkers and Star Bulk Carriers with “buy” ratings.
Diana Shipping, Navios Maritime Partnersand Paragon Shipping were ranked “hold”.
“In the current market environment, webelieve companies with short to medium-term charter coverage, withcredit-worthy and diverse counterparties, low leverage, modern fleets andexperienced management teams should outperform the sector over the next severalyears,” MLV told clients on behalf of Boyden said in a statement announcing theinitiation.
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