Reported about 19 hours ago
Jefferies analyst Omar Nokta has maintained a Buy rating on Safe Bulkers Inc. (NYSE:SB), setting a price target of $5.00, citing strong Q1 results and the company's strategic positioning. Despite challenging market conditions, Safe Bulkers' contracted cash flow and stability from fixed charters have enabled it to declare consistent dividends. The expectation of new vessel deliveries and a modest recovery in dry bulk rates further enhances the company's outlook.
Source: YAHOO