Star Bulk Carriers (SBLK) PT Raised to $31 at Jefferies

Jefferies analyst Stephanie Moore raised the price target on Star Bulk Carriers (NASDAQ: SBLK) to $31.00 (from $29.00) while maintaining a Buy rating.

The analyst comments "Star Bulk delivered a solid print with 1Q results ahead of our expectations, supported by strong spot rate realization, while 2Q fixtures point to continued upside with 82% of fleet days fixed. We remain constructive with dry bulk rates higher YTD, particularly in Capes and Kamsarmax. Fleet renewal remains a focus, with the eight vessel newbuild program progressing alongside selective disposals to lower average fleet age. Reit Buy and raise PT to $31."

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