Jefferies Maintains Buy on Genco Shipping & Trading, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Omar Nokta maintains a Buy rating on Genco Shipping & Trading (NYSE:GNK) but lowers the price target from $20 to $18.
June 06, 2023 | 2:07 pm
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Jefferies analyst maintains Buy rating on Genco Shipping & Trading (GNK) but lowers price target from $20 to $18.
The news directly mentions Genco Shipping & Trading (GNK) and its lowered price target by Jefferies analyst Omar Nokta. While the Buy rating is maintained, the lower price target may have a neutral impact on the stock price in the short term as it indicates a reduced upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100