NEW YORK ( TheStreet) -- Shares of Eagle Bulk Shipping (EGLE), which lost more than 11% of its value during the previous session after one of its biggest charterers declared bankruptcy, received a timely upgrade on Wednesday.FBR Capital Markets moved the stock to outperform from market perform, saying the selloff in Eagle Bulk shares triggered by the receivership of Korea Lines Corp., which came to light Tuesday morning, were "overdone."
Eagle Bulk Gets Upgrade After Korea Scare
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