Safe Bulkers price target raised to $91 from $90 at Canaccord

Canaccord raised the firm’s price target on Safe Bulkers to $91 from $90 and keeps a Hold rating on the shares. The firm said they reported strong Q3 results, with sales ahead of consensus and they believe sustainable sales growth is a requirement further material margin gains as the company prioritizes investment spending in Q4 and into FY2025.