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Fly News Breaks for October 28, 2015
SBLK
Oct 28, 2015 | 08:00 EDT
As reported previously, UBS downgraded Star Bulk Carriers to Sell from Neutral. The firm cited the likelihood of the company depleting its current cash balance by year end 2017 as the result of significant debt repayments and high cost bareboat financing. UBS lowered its price target to $1.50 from $3.50 on Star Bulk Carriers shares.
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