Star Bulk Announces Vessel Sale and Repurchase of Common Shares
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Deutsche Bank adds dry bulk coverage with SBLK and GNK
September 11, 2024 12:29 PM EDTDeutsche Bank expanded its coverage of the maritime shipping sector to include Star Bulk Carriers (NASDAQ: SBLK)and Genco Shipping & Trading Limited (NYSE: GNK), both of which have been given Buy ratings.
The bank cites solid fundamentals and attractive valuations as reasons for these additions.
For Star Bulk Carriers (SBLK), Deutsche Bank assigned a 12-month price target of $26 per share, representing a 22% upside potential.
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