HSBC analyst Parash Jain downgraded Pacific Basin Shipping to Hold from Buy with a price target of HK$2.70, down from HK$3.60. The analyst says a "muted orderbook did not support dry bulk earnings."
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly