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Fly News Breaks for April 23, 2018
SBLK
Apr 23, 2018 | 09:19 EDT
Stifel analyst Benjamin Nolan upgraded Star Bulk Carriers to Buy from Hold after the company announced the acquisition of 16 modern dry bulk carriers for approximately $433M. He estimated the transaction was done below NAV and should be meaningfully accretive to earnings and cash flows. He raised his price target on Star Bulk shares to $15 from $12.
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