Zacks Investment Research upgraded shares of EAGLE BULK SHPG (EGLE) from NEUTRAL to OUTPERFORM on May 20, 2013, with a target price of $5.60.
Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.
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