Stifel Maintains Buy on Genco Shipping & Trading, Lowers Price Target to $23
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Benjamin Nolan maintains a 'Buy' rating on Genco Shipping & Trading (NYSE:GNK) but lowers the price target from $24 to $23.

July 19, 2023 | 4:21 pm
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NEUTRAL IMPACT
Stifel maintains a 'Buy' rating on Genco Shipping & Trading but lowers the price target from $24 to $23.
The news is directly related to Genco Shipping & Trading (GNK). While the 'Buy' rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the rating is still 'Buy'.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100