BALTIC TRAD LTD (BALT) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of BALTIC TRAD LTD (BALT) from NEUTRAL to UNDERPERFORM on July 10, 2012, with a target price of $3.40.

Baltic Trading Ltd is an international drybulk shipping company. The Company intends to operate its vessels on voyage charters in the spot market on trip charters, which are spot market-related time charters or in vessel pools trading in the spot market. Baltic Trading Limited was created by Genco Shipping & Trading Limited. The Company is based in New York, New York.

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