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Fly News Breaks for November 20, 2015
SBLK
Nov 20, 2015 | 07:23 EDT
UBS upgraded Star Bulk Carriers to Neutral from Sell based on valuation. UBS lowered its price target to $1.00 from $1.50 to reflect the ongoing decline in asset values and lower assumed equity issuance price. In addition to the upgrade, UBS dropped coverage of Star Bulk Carriers in order to reallocate research resources and said its rating, price target, and estimates should not be relied upon going forward.
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