Stifel Maintains Buy on Eagle Bulk Shipping, Lowers Price Target to $56
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Benjamin Nolan maintains a 'Buy' rating on Eagle Bulk Shipping (NYSE:EGLE) but has lowered the price target from $62 to $56.

July 19, 2023 | 4:17 pm
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NEUTRAL IMPACT
Stifel maintains a 'Buy' rating on Eagle Bulk Shipping but lowers the price target from $62 to $56.
The news is directly related to Eagle Bulk Shipping (EGLE). While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in the company's growth or a perceived overvaluation. This could have a neutral to slightly negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100