Jefferies Maintains Buy on Star Bulk Carriers, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Omar Nokta maintains a Buy rating on Star Bulk Carriers (NASDAQ:SBLK) but lowers the price target from $24 to $22.

June 06, 2023 | 2:06 pm
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Jefferies analyst Omar Nokta maintains a Buy rating on Star Bulk Carriers (SBLK) but lowers the price target from $24 to $22.
The news of Jefferies maintaining a Buy rating on Star Bulk Carriers (SBLK) is positive for the stock. However, the lowering of the price target from $24 to $22 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100