UPDATE 1-RESEARCH ALERT-Jefferies ups targets on bulk carriers

(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) 160 108

Diana Shipping (DSX.N) 44 35

Eagle Bulk Shipping (EGLE.O) 39 36

Excel Maritime Carriers (EXM.N) 92 57

Genco Shipping & Trading (GNK.N) 93 82

Quintana Maritime QMAR.O 31 24

TBS International (TBSI.O) 72 47
(Reporting by Neha Pathania in Bangalore)