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DRYS DSX EXM GNK TBSI all gonna go on upgrade!

UPDATE 1-RESEARCH ALERT-Jefferies ups targets on bulk carriers
Tue Oct 16, 2007 7:33am EDT
(Changes source, adds details) Oct 16 (Reuters) - Jefferies & Co raised the price targets on several shipping companies, saying the outlook for the dry bulk shipping market remains attractive as significant quantities of new iron ore production capacity come on-line over the next 12 months. The brokerage said in a research note it expects an increase in charter rate. Jefferies maintained its "buy" rating on all the stocks.

Following are the companies on which the brokerage raised
its price targets:

COMPANY NAME RIC PRICE TARGET (In $) New Old

DryShips (DRYS.O: Quote, Profile, Research) 160 108
Diana Shipping (DSX.N: Quote, Profile, Research) 44 35
Eagle Bulk Shipping (EGLE.O: Quote, Profile, Research) 39 36
Excel Maritime Carriers (EXM.N: Quote, Profile, Research) 92 57
Genco Shipping & Trading (GNK.N: Quote, Profile, Research) 93 82
Quintana Maritime (QMAR.O: Quote, Profile, Research) 31 24
TBS International (TBSI.O: Quote, Profile, Research) 72 47