Navios Maritime upgraded to Buy from Hold at Stifel Stifel upgraded Navious Maritime to reflect benefits of falling iron ore prices that has resulted in improved Capesize dry build demand. Price target is $14.
Navios Maritime downgraded on cash burn, weak cash flow at Stifel As noted earlier, Stifel downgraded Navios to Hold from Buy. The firm says that Navios is facing the erosion of multiple cash flow streams, largely due to the poor dry bulk market. The firm writes that the company's cash burn is "an issue," and it notes that Navios has suspended its dividend and reduced its distributions by $18M.