Analyst Christopher Combeshifted the shipowner from overweight to neutral in the absence of a dry-cargomarket recovery.
Combe explains the weakbulk market suggests the New York-listed owner may make a sizable cut to itsshareholder payouts come 2014.
In a note to clients theanalyst says there is likely to be better entry points for would-be investorsin the company ahead.
Navios Partners booked aprofit of $0.29
