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Fly News Breaks for March 28, 2017
SB
Mar 28, 2017 | 07:01 EDT
Morgan Stanley analyst Fortis Giannakoulis upgraded Safe Bulkers to Overweight and raised its price target to $3 from $1.30. The analyst sees potential upside across the entire dry bulk shipping sector as long as steel prices remain high and fleet supply growth declines. As a result, Giannakoulis raised estimates and price targets across the dry bulk shipping sector.
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