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Barclays, in the latest research report, upgraded PACIFIC BASIN (02343.HK)  +0.410 (+11.615%)    Short selling $23.89M; Ratio 15.250%   's rating from Overweight given an attractive risk reward of the company. However, the research house cut its 2014 estimated book value per share due to asset impairments and weaker-than-expected freight rates of Pacific Basin, and correspondingly lowered its target price from $4.8 to $4.3.

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