Citi analyst Christian Wetherbee lowered the firm’s price target on Safe Bulkers to $2.85 from $3.50 and keeps a Sell rating on the shares post the Q3 results. The analyst expects lower grain vessel volumes as Ukrainian production remains soft and incremental lockdowns in China put pressure on bulk imports.
Published first on TheFly
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- Safe Bulkers reports Q3 adjusted EPS 39c, consensus 30c
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