Zacks Investment Research downgraded shares of CAPITAL PRODUCT (CPLP) from NEUTRAL to UNDERPERFORM on October 02, 2012, with a target price of $7.70.
CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential "drop-down” of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on CAPITAL PRODUCT (CPLP),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment