Jefferies Raises Price Target on Ship Finance (SFL) After Q4, Keeps Hold on Valuation

Jefferies raised its price target on Ship Finance International (NYSE: SFL) from $11 to $13 following Q4 results, but kept its Hold rating.

The firm comments, "Last Friday, Ship Finance reported 4Q11 EPS of $0.37, excluding losses from asset sales and mark-to-market derivatives, which was slightly below Street consensus of $0.38 but in-line with our estimate of $0.37 as the Company's lower than expected operating lease revenues were offset by lower than expected vessel operating and interest expenses during the quarter."

Jefferies' FY12 EPS estimate goes down from $1.11 to $1.08 and FY13 goes down $1.23 to $1.15

For an analyst ratings summary and ratings history on Ship Finance International click here. For more ratings news on Ship Finance International click here.

Shares of Ship Finance International closed at $12.40 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Deere (DE) PT Raised to $585 at JPMorgan
• Viking Holdings (VIK) PT Raised to $82 at Mizuho