Jefferies Maintains Buy on Eagle Bulk Shipping, Lowers Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Omar Nokta maintains a Buy rating on Eagle Bulk Shipping (NYSE:EGLE) and lowers the price target from $60 to $55.
June 06, 2023 | 2:07 pm
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Jefferies analyst maintains Buy rating on Eagle Bulk Shipping (EGLE) but lowers price target from $60 to $55.
The news of Jefferies maintaining a Buy rating on Eagle Bulk Shipping (EGLE) is positive for the stock. However, the lowering of the price target from $60 to $55 may create some uncertainty among investors, potentially offsetting the positive impact of the Buy rating. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100