In a note toclients, Fotis Giannakoulis and Ole Slorer reduced the rating on the NewYork-listed stock to “equalweight” from “overweight”.
While the duo praisedSFL’s ability to generate “strong cash flows from its highly diversified fleet”and believe its current dividend is “highly attractive” with a yield over 9%the analysts fear it is unlikely to hike its payout further in the near-term.
“SFL hasperformed in line with our expectations, growing its distribution to $1.56
