BTIG cuts SFL target price to $12

Summary

SFL Corporation Ltd. saw BTIG reduce its target price from $14 to $12.Reuters

Impact Analysis

This event is at the company level as it pertains directly to SFL Corporation. BTIG’s decision to lower the target price likely reflects concerns about SFL’s recent financial performance, specifically the reported net loss of $31.9 million in the first quarter of 2025.Reuters The loss was largely attributed to impairment related to older bulk carriers, aligning with SFL’s strategy to update its fleet.Reuters The company also executed a stock buyback worth $10 million at an average price of $7.98 per share, signaling confidence in its future prospects despite short-term challenges.Reuters This action could mitigate potential negative sentiment from the lowered target price. Current analyst target prices generally hover around $11.40, suggesting some market confidence remains.Reuters Investors should consider the risks associated with fleet restructuring and net losses, while potential opportunities could arise from the buyback strategy and fleet modernization efforts. Monitoring SFL’s strategic execution and financial recovery will be crucial for assessing investment prospects.