Jefferies has reduced its estimates on seven New York-listed dry bulk shipping companies under its coverage, despite the sector showing some signs of life after a prolonged downturn.
The US investment bank lowered price targets and earnings per share (EPS) forecasts up until 2021 on Diana Shipping, Eagle Bulk Shipping, Genco Shipping & Trading, Navios Maritime Partners, Safe Bulkers, Scorpio Bulkers and Star Bulk Carriers.
