On Friday Noah Parquette of Canaccord Genuity upgraded the bulker operator’s Nasdaq-quoted stock to “buy” from “hold”.
In a note to clients the forecaster said the revision reflects the belief that rates in the capesize specialist’s core market will firm in the fourth-quarter.
“Knightsbridge focuses purely on the capesize segment, which is highly leveraged to the fast-growing iron ore trade,” the analyst explained.
“Chinese
