Maxim Group analyst Charles W. Rupinski recommended Genco Shipping & Trading:

Track his pick at:

http://trackthepros.com/stocks/category/1598

a. market sentiment in the dry-bulk shipping segment should improve over the rest of the year and that valuation multiples should expand.

b. compelling dividend yields and low stock valuations should act as a floor on stock prices over the medium term.

c. dry-bulk fleet growth year-to-date remains restrained at 3.8%, and we believe that could make for a tighter market as freight movements accelerate during the rest of the year. Time charter rates remain at very high levels (in some cases higher than spot rates), which has positive implications for the overall medium-term supply/demand balance.

d. Our price target for Genco is $74; A positive sentiment shift for the group would entail a valuation nearer to the top recent range, in our view.