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Cantor

Cantor Upgrades DryShips (DRYS) To ‘Buy’ From ‘Hold’

From Cantor Report: “ Cantor/DRYS: We Upgrade DRYS To BUY (From HOLD) On Valuation, Rig Exposure * We raise our price target to $8 (from $7) based on our 7.0x EV/EBITDA multiple to our new 2010 EBITDA forecast of $558 million (from $544 million). Given the discrepancy between our target and the current stock price, […]