UPDATE: Jefferies Lowers PT on Diana Containerships Following 2Q13 EPS Loss

In a report published Tuesday, Jefferies analyst Douglas J. Mavrinac reiterated a Buy rating on Diana Containerships (NASDAQ: DCIX), but lowered the price target from $6.00 to $5.00.

In the report, Jefferies noted, “This morning, Diana Containerships reported an adjusted 2Q13 EPS loss of $0.02 which was slightly below both Street consensus and our estimate of an EPS loss of $0.01 primarily due to slightly lower than expected TCE rates earned during the quarter and slightly higher than expected vessel operating expenses incurred during the quarter.”

Diana Containerships closed on Monday at $4.51.