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Fly News Breaks for October 18, 2018
SB
Oct 18, 2018 | 08:37 EDT
As previously reported, Evercore ISI upgraded Safe Bulkers to Outperform from In Line. Analyst Jonathan Chappell said the disconnect between dry bulk equity prices and spot rates continues to widen due to global trade/macro fears. Chappell views Safe Bulkers' valuation as steeply discounted and raised his rating amid a renewed focus on operating earnings leverage and balance sheet flexibility.
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