Stifel Maintains Buy Rating for Eagle Bulk Shipping: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating for Eagle Bulk Shipping (NYSE:EGLE) but lowered its price target from $62.00 to $56.00. The shares of Eagle Bulk Shipping are currently trading up 1.1% over the last 24 hours, at $44.23 per share. A move to $56.00 would account for a 26.61% increase from the current share price.
July 19, 2023 | 5:00 pm
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Stifel has maintained its Buy rating for Eagle Bulk Shipping but lowered its price target. This could potentially lead to an increase in the stock price.
The maintained Buy rating indicates that Stifel still sees potential in Eagle Bulk Shipping's stock. However, the lowered price target might indicate a slower growth than previously expected. This could lead to a short-term increase in the stock price as investors might see this as a buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100