Stifel Downgrades Star Bulk Carriers to Hold, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan has downgraded Star Bulk Carriers (NASDAQ:SBLK) from Buy to Hold and reduced the price target from $30 to $21.
October 23, 2024 | 11:51 am
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Stifel analyst Benjamin Nolan downgraded Star Bulk Carriers from Buy to Hold, reducing the price target from $30 to $21, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests a less favorable view on the stock's potential, and the significant reduction in the price target from $30 to $21 indicates a bearish outlook. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100