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Fly News Breaks for September 11, 2018
SBLK
Sep 11, 2018 | 07:40 EDT
JPMorgan analyst Noah Parquette views Star Bulk Carriers' commitment to install scrubbers on 100% of its fleet by 2020 as "highly bullish." This should increase cash flow growth and also provide downside support, Parquette tells investors in a research note. The analyst reiterates an Overweight rating on Star Bulk and notes the name is his top pick in the space. He sees "substantial upside" in his base case scenario, and sees normalized net asset value growing to $25.08 at the end of 2021.
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