Star Bulk Carriers Corp. Announces Pricing of 11,976,745 Common Shares

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Go back to Star Bulk Carriers Corp. Announces Pricing of 11,976,745 Common Shares

Jefferies Raises Price Target on Star Bulk Carriers (SBLK) Following 2Q EPS Beat

September 16, 2016 8:01 AM EDT

Jefferies reiterated a Buy rating on Star Bulk Carriers (NASDAQ: SBLK), and raised the price target to $6.00 (from $5.00), following the company's 2Q earnings report. SBLK reported adjusted EPS loss of ($0.69), which was ahead of the Street's estimate of ($0.74).

Analyst Douglas Mavrinac commented,... More