Stifel Maintains Buy on Star Bulk Carriers, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan maintains a 'Buy' rating on Star Bulk Carriers (NASDAQ:SBLK) but has lowered the price target from $30 to $25.
October 19, 2023 | 1:01 pm
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NEUTRAL IMPACT
Stifel maintains a 'Buy' rating on Star Bulk Carriers but lowers the price target from $30 to $25.
The news is directly related to Star Bulk Carriers (SBLK). While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term stock price. However, the impact is neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100